How BasisCode Helps With Form CRS & Regulation Best Interest
BasisCode's Compliance platform assists financial firms in meeting SEC Form CRS and Regulation Best Interest requirements by enabling targeted delivery of disclosures, facilitating staff training and communication on compliance changes, and managing ongoing conflicts of interest through scalable, audit-ready tools that support rapid procedural updates and regulatory exam preparedness.
How BasisCode Can Help With Form CRS & Regulation Best Interest
The SEC recently issued Risk Alerts on OCIE’s Form CRS and Regulation Best Interest Exam Focuses. Meeting these compliance dates has become a priority for many financial services firms.
As firms assess the changes needed to support these new requirements, the BasisCode Compliance platform is designed to support agile responses and procedural updates.
Top 3 Ways BasisCode Can Help
1. Delivery
Utilizing the Certifications module of BasisCode, firm Officers can assemble firm-specific distribution lists to prepare and deliver their firm’s Form CRS to the appropriate clients.
2. Communications & Training
By using a combination of Testing, Certifications, and Document Library features, Officers can fully implement, communicate, and train their staff on changes to compliance procedures resulting from these new requirements.
3. On-Going Management of Conflicts of Interest
Managing broker conflicts is a FINRA exam focus area for Broker-Dealers. The BasisCode Certifications and Forms Studio allow firms to model ongoing processes to support initial capture and scheduled or ad-hoc requests for updates to conflicts of interest across the organization, whether at the broker or product level.
The scalable nature of the BasisCode Compliance suite enables compliance teams to rapidly design and deploy new or modified compliance programs to maintain strong cultures of compliance and adapt to regulatory change.
Combined with audit-ready reporting capabilities, this provides confidence in preparing for future regulatory examinations.