The SEC’s Standard of Conduct Rules – Important Considerations and Best Practices

Don’t miss this Webinar on Wednesday, December 11th from 1:00pm–2:00pm EST

Join Bloomberg Law analysts Peter Rasmussen, Preston Brewer, Patty Tehrani, and former NY DFS superintendent, Maria T. Vullo, for a webinar on the SEC’s standards of advice package (including Reg BI, Form CRS, and related efforts). The panelists will also discuss best interest efforts focusing on New York’s Insurance Regulation 187 and the impact of New York’s regulation on the sale of annuities and life insurance products in the broader marketplace.

The panel will examine:

  • Overview of the rule
  • Special considerations related to Reg BI and Form CRS
  • Changes to policies and procedures and other compliance considerations
  • Best practices for compliance

The webcast will also highlight state insurance department efforts with a focus on NY’s Insurance Regulation 187, finalized in July 2018, which expands suitability requirements and establishes a uniform standard of care for agents and brokers that requires them to act in the best interest of consumers when making a recommendation with respect to a proposed or existing annuity or life insurance policy, and sets forth supervision requirements for insurers. The annuities requirements took effect August 1, 2019, and the life insurance standard takes effect February 1 of next year.