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SEC Won’t Offer Any Grace Period for Reg BI Compliance, Investment News

January 07, 2020

Morgan Lewis partner Ivan Harris spoke with Investment News about the US Securities and Exchange Commission’s (SEC’s) annual examination priorities document, which was released Tuesday. In the article, he discussed the SEC’s priorities regarding Reg BI. “We typically don’t see such an immediate focus on compliance with a new rule as we’re seeing with Reg BI,” Ivan said. “Having OCIE focus on it is only going to put more pressure on firms to make sure they meet the compliance deadline. This sends a clear message that firms are expected to be laying the groundwork now for the effectiveness of the rule this summer.”

Read the full Investment News article >>