EFFECTIVE DATE
ACTION
/ KEY RESOURCES
JUNE 5, 2019
Regulation Best Interest rulemaking finalized
JULY 12, 2019
Rules, forms, and interpretations published in the Federal Register
JULY 12, 2019
SEC interpretations regarding the standard of conduct for investment advisers and the solely incidental prong of the broker-dealer exclusion from the definition of investment adviser become effective
SEPTEMBER 10, 2019
Regulation Best Interest and Form CRS Relationship Summary become effective
JUNE 30, 2020
Broker-dealers must begin complying with Regulation Best Interest and broker-dealers and investment advisers must begin delivering Form CRS to retail investors
STATE ACTION
STATE
STATE PROPOSAL
/ IPA ACTION
NEW JERSEY
MARYLAND
- IPA Testifies at Maryland Fiduciary Hearing – (3/13/19)
- Maryland Consumers Best Interest Coalition – Senate Letter – (3/13/19)
- Maryland Consumers Best Interest Coalition – House Letter – (3/13/19)
- IPA Comment Letter on Maryland House Bill 1127 – Financial Consumer Protection Act of 2019 – (3/13/19)
- IPA Comment Letter on Maryland Senate Bill 786 – Financial Consumer Protection Act of 2019 – (3/13/19)
MASSACHUSETTS
IPA POLICY ADVOCACY
The IPA is consistently recognized as the most effective advocate on behalf of the PDI industry.
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