Approved by CSI for use as a Financial Advisor in Ontario


Latest designation helps promote consistency, professionalism and trust within the financial services market

TORONTO, September 1, 2022 /CNW/ – To further strengthen consumer and investor protection, the Financial Services Regulatory Authority of Ontario (ARSF) approved the Canadian Securities Institute (CSI)it is Designated Financial Services Advisor (DFSA™) designation as a credential for Financial Advisor use of title in Ontario.

“The DFSA™ designation will allow many financial professionals to continue to use the title of financial adviser under the title protection framework for financial professionals,” said Huston Loke, executive vice president, Conduct on the market at FSRA. “By leveraging existing proficiency requirements as well as registration with securities and mutual fund authorities, we minimize regulatory burden while helping to promote consistency, professionalism and trust among those offering financial planning and advisory services. The commitment of these professionals to putting the interests of the client before their own, and to ongoing education, will benefit the entire industry.”

CSI is the third accrediting body approved for the use of the title of financial adviser in Ontario. ITUC Personal Financial Planner (PFP®) designation has been approved for Financial planner use of the title in Ontario in May 2022.

“CSI is very pleased to have its Designated Financial Services Advisor (DFSA™) approved by FSRA,” says Mary Muldowney, Managing Director, Canadian Securities Institute. “The DFSA™ is approved by most from Canada leading financial institutions and ensures that financial advisors have superior knowledge and skills to provide appropriate advice to address a client’s financial situation. »

FSRA-approved credentialing bodies are responsible for supervising and enforcing the conduct of their financial planner or financial advisor credential holders. FSRA requires credentialing bodies to have strong oversight processes and a code of conduct that requires credential holders to put the client’s interest first.

Protection of the title of financial planner and financial adviser in Ontario is an important and positive development for the industry and for consumers seeking financial planning services and advice. Establishing minimum standards of education, conduct, and supervision helps promote consistency, professionalism, and trust among those who use the titles. It also reduces confusion regarding the wide range of titles and credentials used in the financial services market.

For more information on CSI and the FSRA-approved PFP® and DFSA™ credentials, please visit

Learn more:

  • FSRA is committed to providing regular and ongoing updates to facilitate the successful implementation of the title protection framework for financial professionals, which will be phased in place.
  • To facilitate this transition through the end of 2022, FSRA resources will be focused on approving credentialing bodies and assisting them in implementing the credential protection regime.
  • Please visit FSRA Financial Planners and Financial Advisors Sector Page for more information, including a list of approved accreditation bodies and their approved credentials, transition periods and titles covered.
  • FSRA is actively reviewing applications and will continue to announce additional accrediting bodies and their designations as they are approved.
  • FSRA Welcomes Existing Professional/Designating Bodies to apply as accreditation bodies under the framework.

FSRA continues to work on behalf of stakeholders, including consumers and pension plan members, to ensure financial security, fairness and choice for all. Learn more about

For media inquiries:
Alex Kvaskov
Communications Officer
Public affairs
Financial Services Regulatory Authority (FSRA)
Such. : 437-522-9151
E :
[email protected]

SOURCE Financial Services Regulatory Authority of Ontario


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