EFPA EUROPE
EFPA is the leading professional standards setting body for financial advisors and planners in Europe, building public confidence and trust.
EFPA influences the market behaviour of its certificate holders guiding these professionals in Knowledge, Skills, Lifelong learning, Behaviour and Ethics.
EFPA has a code of professional ethics with which certificate holders must comply.
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EFPA COUNTRIES
Governance
The Governing Bodies of the Association are:
1. The General Meeting
2. The Board of Directors
General Meeting
The General Meeting is the only competent body for dealing with the following specific matters:
1. Election and removal of the members of the Board of Directors.
2. Election and removal of the Chairperson and one or two Vice-Chairpeople.
3. Discharge of the Directors and Auditor(s).
4. Approval of the Financial Statements, submitted by the Board of Directors.
5. Appointment and fixing of the remuneration of the Auditors.
6. Decisions on the amendment of the Articles of Association.
7. Decisions on the dissolution of the Association.
Board of Directors
The Association will be governed by a Board of Directors. The Board of Directors is vested with the broadest powers to perform all acts of administration and management of the Association that are not allocated to the General Meeting. The members of the Board of Directors are elected by the General Meeting. Each Affiliate may be represented by one person from its own body at the Board of Directors. Each member of the Board of Directors shall hold a term of office of three years after which such a member may be re-elected. There shall be no limit to the number of consecutive terms a Director can serve.
EFPA EUROPE BOARD
The Standards and Qualifications Committee (SQC)
The Standards and Qualifications Committee (SQC) is a self-organizing committee under the supervision of the Board of Directors and its role will be comprised of, among other things: performing due diligence of the application from a prospective Member in relation to educational and examinations issues; setting and maintaining the standards of competence for the EFPA qualifications; establishing and maintaining of examination standards; establishing and maintaining continuing education standards for National Affiliate Continuing Education Programs; making recommendations respecting the accreditation of National Affiliates qualification standards and continuing education standards; accrediting any non-EFPA qualifications which are the subject of agreements made between EFPA and third parties; conducting research in the financial advice sector on matters of interest to the EFPA Board of Directors; and undertaking periodic review and update of the EFPA Code of Ethics as required by the Board of Directors.
The Officers Committee (OC)
The Officers Committee is a Permanent Committees of EFPA AISBL and will comprise of
- the Chairman
- the two Vice-Chairmen
- the Secretary
- the Treasurer
- as well as any other member of the Board of Directors or third-party specialist, on a permanent or on an ad-hoc basis, as the Board of Directors may decide from time to time.
The role of the Officers Committee is supportive to the Board of Directors and the Terms of Reference of it shall be decided from time to time by the Board of Directors.
Ethics Committee
The Ethics Committee of the European Financial Planning Association promotes ethical thinking and practice amongst its member organisations and students in accordance with the strong EFPA dedication to an ethical behaviour in financial advisory and financial planning services. The committee is responsible for the organisation’s Code of Ethics which it keeps under review.
The Ethics Committee meets at least twice per year.
Members of the Ethics Committee are appointed by the Board of Directors, from amongst the member organisations, for a period of three years and may be reappointed for a further three-year period. All members possess an in-depth knowledge of financial counselling and qualifications and represent various professional groups.