A Firm’s Guide to the Implementation of Reg BI and the Form CRS Relationship Summary
The SIFMA/Deloitte Regulation Best Interest Implementation Guide aims to assist firms in understanding the various Reg BI and Form CRS requirements and their potential impacts. The Guide includes recommendations for developing a Reg BI implementation governance program and an outline for and their potential impact on firms.
Excerpt
The information in this Guide was prepared by Deloitte & Touche LLP (Deloitte) as commissioned by
SIFMA.
The Guide is intended to communicate an awareness of Regulation Best Interest, the Form CRS
Relationship Summary, and an overview of the related implementation considerations.
SIFMA and/or Deloitte makes no representation or warranty to the accuracy of the information as this
Guide is not a complete representation of all the Reg BI requirements.
Deloitte is not, by means of this document, rendering accounting, business, financial, investment, legal,
tax, or other professional advice or services. The discussion and examples presented in this Guide are
for educational purposes. They are not to be viewed as an authoritative statement by SIFMA and/or
Deloitte on the quality and/or appropriateness of an individual organization’s practices. SIFMA and/or
Deloitte provides no assurance over the accuracy or completeness of the requirements for any specific
organization’s readiness for compliance with Reg BI. This Guide is meant to provide a framework to
assist organizations in performing their own implementation analysis. Before making any decision or
taking any action that may affect your organization, one should consult a professional advisor to assess
one’s specific facts and circumstances. SIFMA and/or Deloitte shall not be responsible for any loss
sustained by any person who relies on this Guide.