Why following the FP Canada Professional Standards of Responsibility, FP Canada Annual Report, and IIROC (CRM, KYC) guidelines is important to Financial Planners, the profession and clients?

If possible, use APA referencing. Please use the following resources below:

FP Canada Website:

https://fpcanada.ca/

IIROC CRM Guidelines

https://www.iiroc.ca/news-and-publications/notices-and-guidance/client-relationship-model-0

IIROC KYC Guidelines

https://www.iiroc.ca/news-and-publications/notices-and-guidance/know-your-client-and-suitability-determination-retail-clients

NOTE: Please don't use AI generated answers.