From 2013 to 2020, CFI’s Smart Campaign has managed the Client Protection Certification program, an independent, third-party evaluation to publicly recognize financial institutions that meet adequate standards of care in their treatment of clients. To date it has enabled more than 135 certified financial institutions in over 40 countries to demonstrate adherence to the Client Protection Principles and practices that aim to ensure prudent, transparent, and respectful treatment of clients.
To be certified, financial service providers are evaluated by a licensed Certification Body to validate their adherence to the Smart Campaign’s Client Protection Standards.
The Smart Campaign began to gradually retire the Smart Certification Program in 2020, and the final Smart Certifications will be awarded by April 30, 2021.
Transition Details:
- December 31, 2020: Deadline to conduct final Smart Certification missions
- April 30, 2021: Deadline to award final Smart Certification labels
- All Smart Certifications awarded before April 30, 2021 will be valid for their full four-year term, provided the financial service providers meet the requirements of a Surveillance Audit at the two-year mark. Surveillance Audits, conducted to determine continued compliance with the Standards, will continue to be conducted after the April 2021 deadline.
While the Client Protection Certification program is winding down, the following financial service providers currently have active Smart Certifications:
