Regulation Best Interest Policy
This Regulation Best Interest Policy Template is intended to ensure proper adherence of a bank, credit union, or other type of financial institution 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.
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 Template (approximately 13 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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