The Financial Planning Association (FPA) has welcomed a decision by the International Organisation of Securities Commissions (IOSCO) to approve the Financial Planning Standards Board (FPSB) as an affiliate member.

The FPA is a member of the board, and CEO Mark Rantall says affiliation with IOSCO, which sets international standards for securities markets, is “a great moment for the future of financial planning worldwide, and in Australia”.

FPSB CEO Noel Maye says IOSCO’s decisions affect the practice of financial planning and the role of financial planning professional bodies around the world. Its member organisations co-operate in developing regulations that “maintain efficient markets and protect investors”.

The FPA is the only body authorised to administer the FPSB’s international Certified Financial Planner certification program.