
By Evan Rosser
Subscribe to our original industry insightsIn a recent public statement, SEC Chair Jay Clayton confirmed that the June 30, 2020 compliance date for Reg BI and the Form CRS requirements will not be postponed. The statement also noted that the SEC has established a new website page to provide educational resources and tools for investors to assist them in reading and understanding the Form CRS, and in researching firms and financial professionals.
The statement noted those areas where the SEC may be initially examining for Reg BI and CRS compliance. Specifically, the statement noted where firms should ensure that, particularly under current conditions, their focus is being applied. Those areas included, among other things, a firm’s recommendation or advice to a retail investor in the following:
Oyster Consulting has the knowledge and experience to support your efforts to comply with Reg BI. To receive assistance with the preparation of policies and procedures or disclosure documents, or to receive training to ensure you understand the impact of the Reg BI requirements, click here or call (804) 965-5400 and we will put you in touch with our experts.
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