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MAINTENANCE REQUIREMENTS

To represent yourself an as active FCSI® in good standing - and to uphold the prestige of your letters - you must renew your designation annually.

All FCSI®s must renew their designation by their anniversary date (the date the designation was originally granted). You will receive email reminders 4 weeks and 1 week prior to your deadline.

You must meet the following maintenance requirements:

  1. Industry Contribution
    • Each FCSI® is required to compete at 12 industry contribution (IC) hours per calendar year, starting the first full year after your earn your Fellow. See below for details.

 

  1. Code of Ethics
  2. Trademark
  3. Licence
    • FCSI®s are required to pay a non-refundable licence fee of $275* each year. The licence fee goes towards your trademark rights and benefits from CSI.

*If you hold more than one CSI credential in good standing, you are eligible for a discount on your FCSI® renewal. The discount is tiered depending on how many credentials you have in good standing.

If You Do Not Renew

FCSI®s renew will be deemed to be “not in good standing.” You will receive a letter stating that you are no longer eligible to use the FCSI® trademarks. If you continue to use the trademarks without renewing, then legal action may be taken.

You will also be removed from FCSI® Directory.

Reinstatement Policy

FCSI®s are given the opportunity to reactivate their licence 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:

Industry Contribution Requirements

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:

  • Industry advocacy
  • Active support of the financial services industry through presentations or published work (e.g., speeches or articles), targeted to audiences that can benefit from a better understanding of the financial services industry
  • These cannot be product or service marketing seminars offered to clients or prospects
  • Betterment of the industry
  • Teaching courses/seminars in financial services at any school level or for a recognized financial services education provider, or Junior Achievement
  • Writing/editing financial services course materials or examination questions for recognized education providers or publishers
  • Participation in financial services industry committees, councils or associations
  • Mentoring
  • Mentoring those aspiring to enter or progress in the industry
  • Participation in financial services mentoring programs that help less experienced individuals advance their careers, enhance their education, and/or build their networks
  • Enrolment in the FCSI® Mentor Bank program
  • Charitable work
  • Donating time to help your organization raise money for charitable causes they are affiliated with
  • Donating time to work with registered charities outside of your workplace

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.

Activity & Hours Tracking

Make sure you retain supporting documents to confirm 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.

General Carryover Policy

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.

Exemptions for Extenuating Circumstances

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.
  • Disability Exemption 
    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.