To represent yourself an as active FCSI® holder in good standing and to uphold the prestige of your letters, you must follow the below fellowship maintenance requirements annually.
All FCSI®s must renew their Fellowship by their anniversary date (the date the Fellowship was originally granted). You will receive email reminders 4 weeks and 1 week prior to your deadline.
Fellowship holders who do not renew will be deemed to be “not in good standing.” If you continue to use the trademarks, then legal action may be taken. You will also be removed from the FCSI® Directory.
Leaders are required to go above and beyond. The Fellows of CSI (FCSI®) are no exception. They are required to fulfil 12 Industry Contribution (IC) hours each calendar year, with the intention of bettering and furthering the financial services industry. The IC must fall outside of an FCSI’s primary job function and within these general categories:
Betterment of the Industry:
FCSI®s can define which of their professional experiences they think represent a meaningful contribution to the financial services industry in the categories outlined above.
Make sure you retain supporting documents to confirm the completion of your IC hours. Each year, a percentage of FCSI®s will be audited to verify the IC hours claimed on their FCSI® renewal application. CSI recommends keeping documentation for IC activities on file for at least 2 years. Download our IC Tracker Tool to record and submit your IC activities. Here is a sample to provide a record of your IC activity:
|DATE OF ACTIVITY||CATEGORY||TYPE OF ACTIVITY||NUMBER OF HOURS||NUMBER OF HOURS YTD|
|February 12, 2021||Charitable Work||Helped my company with their United Way Campaign||5 hours||5 hours|
|April 15, 2021 & December 8, 2021||Mentoring||Had two onboarding meetings with recently hired staff within my company to introduce them to the job and the firm||2 hours||7 hours|
|September 24, 2021||Industry Advocacy||Wrote and delivered a presentation to the Rotary Club on the “Importance of the Financial Services”||3 hours||10 hours|
|November 17, 2021||Betterment of Industry||Participated in a CSI webinar as a panelist||2 hours||12 hours|
Many activities are worth more than the minimum 12 required hours. IC Guidelines allow for a carryover maximum of 6 hours to the following year.
FCSI®s commit to life-long giving back to the industry. There may be times, however, when fulfilling IC requirements becomes difficult or impossible. With the support of the Fellow’s employer, exemptions for extenuating circumstances may be requested.
Maternity/Parental Leave Exemption
A 1-year exemption may be requested in the year an FCSI® holder’s child is born or adopted, or if the FCSI® is taking maternity or parental leave. An Industry Contribution Exception Request Form must be completed and submitted for approval prior to the end of the calendar year the exemption is being requested. A copy of the child’s birth certificate or adoption papers must be submitted with the exception form.
FCSI®s who have suffered a disability or medical condition may request an exemption to the IC requirements. An Industry Contribution Exception Request Form must be completed and submitted for approval. Medical documentation must accompany the request. Each case will be assessed on an individual basis. It is possible accommodations can be made or that the IC requirements be postponed. However, it is unlikely that a permanent or long-term exemption will be approved.
Other Extenuating Circumstances
Other extenuating circumstances may make it difficult to complete the IC requirements in a particular year. An Industry Contribution Exception Request Form must be completed and submitted for approval. Each case will be assessed on an individual basis.
CSI will conduct periodic audits of FCSI®s upon renewal of their Fellow to assess compliance with industry contribution requirements. Designation holders must retain supporting documents to confirm the completion of IC hours. FCSI®s selected for audit purposes will be sent a letter of notification. They will be asked to submit documents to verify the industry contribution hours they have indicated on their renewal form. They will have 60 days to comply with the audit request.
Failure to comply with the request may result in the FCSI® being declared “not in good standing.” This means they will no longer be able to use the FCSI® trademarks and will be removed from the FCSI® Directory.
Misstated or fraudulent reporting of industry contribution work will be reported to the Designation Ethics Committee as a violation of the FCSI® Code of Ethics and will be considered according to the Ethical Misconduct Process.
FCSI® holders must re-commit to the FCSI® Code of Ethics each year.
To continue using the FCSI® trademarks in your own marketing, FCSI® holders must re-commit to the Certification Mark License Agreement each year.
FCSI® holders are required to pay a non-refundable license fee of $325 each year. The license fee goes towards your trademark rights and benefits from CSI.
FCSI® holders are given the opportunity to reactivate their license after a lapse of up to 5 years. If your designation has lapsed for more than 5 years, you’ll be required to re-take and successfully complete the Financial Services Industry: Business Drivers and Challenges (FSDC) course and meet the work experience requirement.
If the lapse is 5 years or less, you can reactivate by completing the following steps:
If you have not renewed within 12 months of your license renewal date, you will be required to pay a late fee of $50, a reinstatement fee of $375 and the standard annual renewal fee of $325. You will also be asked to prove completion of your Industry Contribution (IC) requirements for all the years of non-renewal. This will require you to submit supporting documents confirming the completion of your IC activities.