New, 11th Hour Form CRS FAQs Published by SEC
The SEC staff on June 26 published new and modified FAQs addressing various issues relating to the scope, formatting, and delivery requirements of Form CRS.
June 26, 2020
Tags: Form CRS
The SEC’s Divisions of Investment Management and Trading and Markets have issued a statement providing no-action relief from failure to deliver certain international adviser and fund communications.
June 25, 2020
Tags: Form ADV, Privacy, Coronavirus, COVID-19, Cybersecurity, Form CRS, Investment Company
Clayton Urges Increased Care for Retail Investors in Wake of Pandemic
SEC Chairman Jay Clayton confirmed in a recent public statement that the June 30, 2020 compliance date for Form CRS and Regulation Best Interest (Reg BI) remains in effect.
June 18, 2020
Tags: CARES Act, Coronavirus, COVID-19, Form CRS, IRAs, Jay Clayton, Reg BI, Retirement Plans
SEC’s IAC Discusses Index Funds, ESG, Disclosures and Credit Rating Agencies
Discussions on index funds and credit rating agencies – and recommendations on ESG disclosure and disclosure effectiveness more generally – dominated the May 21 meeting of the SEC’s Investor Advisory Committee (IAC).
June 03, 2020
Tags: Form ADV, Allison Herren Lee, Disclosure, ESG, Form CRS, Hester Peirce, IAC, Jay Clayton
SEC Staff Issues Additional Form CRS FAQs On Filing and Delivery Requirements
SEC staff have issued four new FAQs to provide guidance on filing and delivery requirements for Form CRS.
April 13, 2020
Tags: Form CRS
New SEC Risk Alerts Detail Scope, Content of Compliance Exams for Form CRS, Reg BI
The SEC examination staff has issued a Risk Alert providing the expected scope and content of initial examinations for compliance with Form CRS.
April 07, 2020
SEC Says No to Extending Form CRS, Reg BI Deadlines
The SEC has declined to extend the filing and delivery deadlines for the new Form CRS and the implementation date for new Regulation Best Interest.
April 07, 2020
Tags: Coronavirus, COVID-19, Form CRS, Reg BI
Form CRS Implementation Considerations
This article highlights key points for investment advisers to consider as they develop their firms’ Form CRS and adopt processes for compliance with filing and delivery requirements.
February 22, 2020
Tags: Form ADV, Columns, Compliance Corner, Form CRS
SEC Publishes Additional FAQs on Form CRS
The SEC staff recently published additional FAQs addressing several issues relating to new Form CRS which, beginning in July 2020, investment advisers and broker-dealers will need to provide to retail investors.
February 20, 2020
Tags: Form CRS
Takeaways for Advisers from SEC FAQs on Regulation Best Interest
The FAQs address questions related to a broker’s (i) communications and account “recommendations” that are subject to Reg BI; (ii) disclosure obligations; (iii) care obligation; and (iv) conflict of interest obligations.
January 16, 2020
Tags: Conflicts of Interest, Form CRS, Reg BI