Regulation Best Interest Policy
The Regulation Best Interest Policy is intended to ensure proper adherence to the provisions and intent of the Securities and Exchange Commission Regulation Best Interest, which establishes a standard of conduct under the Securities Exchange Act of 1934 for broker-dealers and natural persons who are associated persons of a broker-dealer when making a recommendation of any securities transaction or investment strategy involving securities (including account recommendations) to a retail customer.
This policy template is for banks, credit unions, or other types of financial institutions.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Covered Recommendations – Topic 3
- Retail Customer and Legal Representative Definitions – Topic 4
- Disclosure Obligation – Topic 5
- Care Obligation Requirements – Topic 6
- Conflict of Interest Obligation Requirements – Topic 7
- Compliance Obligation Requirements – Topic 8
- Audit Policy – Topic 9
- Staff Training – Topic 10
- Retention of Documentation – Topic 11
This Regulation Best Interest Policy (approximately 13 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
The Product Update Protection Plan is a great way to keep your bank policy up to date! Simply add it to your cart and purchase it for one year of free updates via email.
