If you were somewhat put off by the prospect of reading over 1,000 pages of adopting releases for Regulation Best Interest and the Form CRS relationship summary and amendments to Form ADV, you are now in luck. The SEC issued two Small Entity Compliance Guides, boiling down the Regulation Best Interest adopting release (770 pages) to a 14-page bullet point high-level outline and condensing the approximately 300 pages of the Form CRS adopting release to six pages. Both compliance guides nicely present the key points in a readable and understandable manner.1


1 The Regulation Best Interest Small Entity Compliance Guide is available at: http://bit.ly/2njwlaZ and the Form CRS Relationship Summary Small Entity Compliance Guide is available at: http://bit.ly/2nxhHgf.

Originally published in REVERSEinquiries: Volume 2, Issue 9.
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