SEC Chair Clayton: COVID-19 will not delay Reg BI
April 10, 2020 by Nick Thornton
The Securities and Exchange Commission will not delay the June 30, 2020 compliance date for Regulation Best Interest, according to a public statement by Chairman Jay Clayton.
“We believe that the June 30, 2020 compliance date for Reg BI and other requirements, including the requirement to file and begin delivering Form CRS, remains appropriate,” Clayton said.
“Over the past 10 months, the Commission and the staff have engaged extensively with broker-dealers, investment advisers, retail investors and other market participants, as well as FINRA and other regulatory partners, regarding the implementation of Reg BI and Form CRS,” he explained.
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