The Certified Financial Planner Board of Standards has turned over the setting and promotion of financial planning standards abroad to a newly established nonprofit standards-setting body, so that it can focus its efforts on promoting and setting planning standards in the U.S.

The recently formed Financial Planning Standards Board Ltd. will develop and promote financial planning standards beyond the U.S., under agreement between the two groups. The FPSB will purchase the CFP marks outside of the United States and its territories, while the CFP Board will maintain ownership of the U.S. CFP marks.

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