Resources: FINRA Releases Reg BI and Form CRS Firm Checklist

“FINRA is providing this checklist to help members assess their obligations under the SEC’s Regulation Best Interest (Reg BI) and Form CRS Relationship Summary (Form CRS). This checklist explains key differences between FINRA rules and Reg BI and Form CRS. The checklist is not a substitute for any rule. Only the rule can provide definitive information regarding its requirements. Interpretive questions should be directed to the SEC, at IABDQuestions@sec.gov. You should carefully review the SEC’s new rules and interpretations, related Federal Register notices and the SEC’s Small Entity Compliance Guides, which provide important information on the new obligations.” – FINRA

Access the Checklist here: https://www.finra.org/sites/default/files/2019-10/reg-bi-checklist.pdf