New Reg BI FAQs: June 30th Compliance Date

The SEC’s Staff of the Division of Trading and Markets has released an FAQ to its most frequently asked questions on Regulation Best Interest (“Reg BI). Recently three more questions were added. These questions were added to the Retail Customer and Disclosure Obligation sections after an increased amount of questions on those topics. It is important when drafting Form CRS and other relevant disclosures that you are up to date on the most recent SEC guidance.

Topics on the Reg BI FAQ Include:

• Retail Customer
• Recommendation
• Disclosure Obligation
• Care Obligation
• Conflict of Interest Obligation
• Compliance Obligation

This FAQ was released alongside an FAQ on Form CRS , click the links below to access both.

FORM CRS ASSISTANCE?

The Form CRS Compliance Date is approaching shortly, contact Vigilant today should you need any assistance in completing the form.

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