SEC To Vote June 5 On Regulation Best Interest
May 29, 2019 by Cassie Miller
The Securities and Exchange Commission scheduled a June 5 vote on its Regulation Best Interest rulemaking package.
The vote will include four items: Regulation Best Interest – Standard of Conduct for Broker-Dealers, Form CRS, Standard of Conduct for Investment Advisers and an item not included in the three-part rulemaking package called Interpretation of “Solely Incidental.”
The description listed in the meeting agenda for Interpretation of “Solely Incidental” reads:
“The Commission will consider whether to publish a Commission interpretation of the solely incidental prong of section 202(a)(11)(C) of the Investment Advisers Act of 1940.”