The compliance date of June 30, 2020, is looming for U.S. broker-dealers subject to Regulation Best Interest (Reg. BI) and broker-dealers and investment advisers required to prepare and provide relationship summaries pursuant to Form CRS and related rules. Staff of the U.S. Securities and Exchange Commission (SEC) have provided answers to several FAQs and guidance regarding related exam priorities. This alert provides a brief overview of Reg. BI and Form CRS requirements and highlights a few areas of continued focus (and potential pitfalls) for firms.
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The post U.S. Broker-Dealers and Investment Advisers: Prepare for Fast-Approaching Regulation Best Interest and Form CRS Deadline appeared first on FinReg + Policy Watch.