Compliance Round-Up: City Bar Series on COVID-19’s Impact on Ethics and Compliance
Reg BI and Form CRS: Good Faith Implementation and Compliance Considerations (OnDemand)
Originally held on Wednesday, October 28, 2020 | 9:00 am - 12:00 pm
Program Fee:
$149 for Members | $249 for Nonmembers
Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2020-2022), In-House/Corporate Counsel, Judges, and attorneys who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
CLE Credit:
New York: 3.0 Professional Practice
New Jersey: 3.0 General
California: 2.5 General
Pennsylvania: 2.5 General
Connecticut: Available to Licensed Attorneys
This program provides transitional/non-transitional credit to all attorneys
Description:
On June 5, 2019, the Securities and Exchange Commission (the SEC)
published a series of rulemakings and interpretations. The package
included Regulation Best Interest (Reg BI), the new standard of conduct
for broker-dealers serving retail customers, and the Form CRS
Relationship Summary (Form CRS), a new form that brokers and advisers
must provide to investors.
This program will provide an overview of each rule, implementation
considerations, and best practices on Reg BI and Form CRS, which
required compliance by June 30, 2020. The program will also cover
related efforts by states on regulating recommendations to customers.
We hope the program will be useful for any practitioner responsible for
providing legal or compliance advice to broker-dealers or investment
advisers. An inventory of reference materials will also be made
available to supplement the discussion on the new standards. Each panel
will cover key aspects of the designated topic examining with details
provided below:
- Highlights of the relevant rule
- Special considerations and challenges
- Best practices for compliance
(Note: The package also included two interpretations under the
Investment Advisers Act of 1940, which will not be covered by this
program.)
Click Here to View Program Agenda & Faculty
Program Chair & Moderator:
Patty P. Tehrani, Bloomberg Law Analyst
*Note: The program chair would like to acknowledge the valuable
assistance of Karen McDonald, member of the Compliance Committee.
Sponsoring Association Committee:
Compliance, Patrick T. Campbell, Chair
Futures & Derivatives Regulation, Gary Edward Kalbaugh, Chair