Q: Many of the items in Form CRS require firms to use specific wording (reflected with quotation marks in the Instructions). In particular, specific wording is required for headings, conversation …

Write your relationship summary in plain English, taking into consideration retail investors’ level of financial experience. You should include white space and implement other design features to …

Apr 21, 2020 · All investment advisers, broker-dealers, or dual registrants that service retail investors may now file the Form CRS with the SEC and distribute it to new and existing retail …

Jul 30, 2019 · In response to comments criticizing the SEC’s proposed plan to use nearly all prescribed wording in Form CRS, the adopted Form CRS requires the use of standardized …

Jun 26, 2019 · In the original version of Form CRS, the descriptions of relationships and services were based heavily on pre-written text prescribed by the SEC, but in the final version, advisory …

Aug 26, 2019 · While the Instructions do not require prescribed wording here, you must explain these terms in your own words.

Form CRS and its related rules require SEC-registered investment advisers and SEC-registered broker-dealers (together, “firms”) to deliver to retail investors a brief customer or client …

Q: Many of the items in Form CRS require firms to use specific wording (reflected with quotation marks in the Instructions). In particular, specific wording is required for headings, conversation …

Form CRS Relationship Summary1 I. General Requirements A. Registered broker-dealers (BDs) and registered investment advisers (IAs) will be required to provide a client or customer …

On October 8, 2020, the U.S. Securities and Exchange Commission released updated guidance to help clarify questions that have surfaced regarding the information on the firm and …