Regulatory Update: Regulation Best Interest (Reg BI) Compliance Resource Center

FINRA and The Securities and Exchange Commission (SEC) have released a number of resources for broker-dealers and investment advisers to assist them in complying with the recently adopted Regulation Best Interest (Reg BI) and Form CRS.  Here are some helpful links to the various resources issued to date.

• SEC Release for Regulation Best Interest: The Broker-Dealer Standard of Conduct

• SEC Release for Form CRS Relationship Summary; Amendments to Form ADV

• Form CRS Instructions

• Commission Interpretation Regarding Standard of Conduct for Investment Advisers

• Commission Interpretation Regarding the Solely Incidental Prong of the Broker-Dealer Exclusion from the Definition of Investment Adviser

• SEC Small Entity Compliance Guild for Reg BI

• SEC Small Entity Compliance Guild for Form CRS and ADV

• FINRA Reg BI Checklist