- The Financial Planning Standards Board India (FPSB), the professional standards setting body for financial planners, on 11th March appointed B N Srikrishna, a retired Supreme Court judge, as its chairman.
- The appointment of Srikrishna, who authored the much-talked about Financial Sector Legislative Reforms Commission (FSLRC), is effective this fiscal.
- He takes over from Dhirendra Swarup, who was the chairman of the Pension Fund Regulatory and Development Authority (PFRDA).
- The former Supreme Court judge was also the chairman of the Sixth Central Pay Commission apart from being the chief justice of the Kerala High Court.
About FPSB:
- FPSB India is a public-private enterprise and a professional standards setting body that proactively guides development and promotion of standards for financial planning professionals to benefit and protect the public.
- FPSB India closely works with all the stakeholders’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives.
- It was established by leading financial institutions including LIC, SBI, UTI AMC, ICICI, Axis Bank amongst others.
- As a Self-Regulatory Organization, FPSB India promotes and maintains higher standards of professionalism than required and seeks to cooperate with the government and regulation agencies to uniformly regulate personal Financial Planning practitioners.
- FPSB India holds itself to a higher virtue through its code of ethics & rules of professional conduct, which is mandated for all members and is licensed for CFP through its affiliate agreement with FPSB Denver, USA. Other peer countries areAustralia, Austria, Belgium, Brazil, Canada, China, China Taipei, France, Germany, Hong Kong, Indonesia, Japan, Malaysia, New Zealand, Republic of Korea, Singapore, South Africa, Switzerland, United Kingdom and the United States
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