{"id":389,"date":"2020-04-09T16:54:02","date_gmt":"2020-04-09T20:54:02","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/coronaviruscovid19\/?p=389"},"modified":"2020-04-09T16:54:02","modified_gmt":"2020-04-09T20:54:02","slug":"sec-regulation-best-interest-and-form-crs-compliance-deadline-unchanged-despite-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/2020\/04\/09\/sec-regulation-best-interest-and-form-crs-compliance-deadline-unchanged-despite-covid-19-pandemic\/","title":{"rendered":"SEC Regulation Best Interest and Form CRS Compliance Deadline Unchanged Despite COVID-19 Pandemic"},"content":{"rendered":"<p>Regulation Best Interest (Reg BI)\u2014which sets forth a new standard of conduct for broker-dealers and their associated persons when making investment recommendations\u2014was adopted by the SEC on June 5, 2019, and is scheduled to take effect on June 30, 2020. There was some question as to whether the SEC would push back the effective date due to the COVID-19 pandemic, but on April 2, SEC Chairman Jay Clayton issued a\u00a0<a title=\"Investors Remain Front of Mind at the SEC: Approach to Allocation of Resources, Oversight and Rulemaking; Implementation of Regulation Best Interest and Form CRS\" href=\"https:\/\/www.sec.gov\/news\/public-statement\/statement-clayton-investors-rbi-form-crs\" target=\"_blank\" rel=\"noopener noreferrer\">public statement<\/a>\u00a0that the SEC will hold to the June 30 deadline despite the ongoing emergency.<\/p>\n<p>To read the full text of this Duane Morris <em>Alert<\/em>, please <a href=\"https:\/\/www.duanemorris.com\/alerts\/sec_regulation_best_interest_form_crs_compliance_deadline_unchanged_despite_covid19_0420.html\" target=\"_blank\" rel=\"noopener noreferrer\">visit the firm website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regulation Best Interest (Reg BI)\u2014which sets forth a new standard of conduct for broker-dealers and their associated persons when making investment recommendations\u2014was adopted by the SEC on June 5, 2019, and is scheduled to take effect on June 30, 2020. There was some question as to whether the SEC would push back the effective date &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/2020\/04\/09\/sec-regulation-best-interest-and-form-crs-compliance-deadline-unchanged-despite-covid-19-pandemic\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SEC Regulation Best Interest and Form CRS Compliance Deadline Unchanged Despite COVID-19 Pandemic&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[513,512,511,274,250,249],"ppma_author":[1043],"class_list":["post-389","post","type-post","status-publish","format-standard","hentry","category-general","tag-broker-dealers","tag-reg-bi","tag-regulation-best-interest","tag-regulations","tag-sec","tag-securities-and-exchange-commission"],"authors":[{"term_id":1043,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/posts\/389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/comments?post=389"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/posts\/389\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/media?parent=389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/categories?post=389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/tags?post=389"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/ppma_author?post=389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}