Bates News,Compliance and Regulatory Alerts - 11-15-19
Reg BI Countdown - FINRA Wants to Know How Your Reg BI Implementation is Coming Along
During the 2019 SIFMA C&L New York Regional Seminar, FINRA announced that they will be conducting SEC Reg BI readiness assessments to better understand companies' Reg BI implementation preparations.
“Starting this month, “ said Bates Compliance Managing Director Robert Lavigne, “FINRA will be taking steps to check on companies ahead of this rule implementation. Companies should heed their warning and begin working on a plan.”
According to FINRA conference speakers, below is a list of what the regulators are interested in learning when they visit your firm this Q4 and in 2020:
- Does your firm need Reg BI guidance?
- Are you looking at product offerings, suitability, disclosures and conflicts?
- How far along are you in comparison to peer firms?
- Can you demonstrate that your company has a thoughtful approach and operational procedures in place?
Ready to get started or not sure where to begin? We're here to help.
Give Bates Compliance a call today to learn about how our Compliance Solutions and Reg BI Readiness Workshops can support your firm’s SEC Reg BI Implementation efforts.