NSCP Survey for Delay of Reg BI and Form CRS Implementation Date

A Message from NSCP Executive Director Lisa Crossley

As many of you may have read, SEC Chairman, Jay Clayton, made a public statement this morning which included the SEC’s decision to not extend the compliance date for implementation of Regulation Best Interest and Form CRS. Chair Clayton stated, “…firms should continue to make good faith efforts around operational matters to ensure compliance by June 30, 2020, including devoting resources as necessary and available in light of the circumstances.”

NSCP is considering writing a letter to the SEC asking for reconsideration of their decision not to extend the implementation date. In order to have informed content for the letter, we need your help.

We have created a short three question survey which we would appreciate you completing. Your responses will help guide the Comment Letter Ad Hoc Committee in requesting of the SEC what is best for NSCP members under current circumstances.

Thank you in advance for your assistance.
– Lisa