The June 3, 2026 deadline to comply with the SEC’s Reg S-P Amendments for “smaller entities” is fast approaching. Compliance with the new Reg S-P Amendments will be a priority in SEC examinations conducted this year. which governs how financial institutions including broker dealers and SEC investment advisers protect consumer financial data.
Compliance Advisers can assist firms in meeting the requirements by preparing customized written policies and procedures and offering helpful tools that outline steps that smaller entities can take to achieve compliance.
For questions or assistance preparing for the June 3, 2026, compliance deadline, please contact us.
Contact us for a quote to prepare your Form CRS
In June 2019, the SEC adopted requirements (SEC Release 34-86032) for registered investment advisers, broker-dealers, and dual-registrants that do business with retail investors to file Form CRS (customer relationship summary). Form CRS is intended to inform retail investors about:
- The types of client/customer relationships and services the firm offers;
- Fees, costs, conflicts of interest, and required standard of conduct associated with those relationships and services;
- Whether the firm and its financial professionals currently have reportable legal or disciplinary history;
- How to obtain additional information about the firm.
FINRA Rule 3120 testing and the certification required by FINRA Rule 3130 are each required to be completed once each calendar year. FINRA members must submit a report no less than annually to the firm’s senior management containing details of its system of supervisory controls and the results of the testing and verification of those controls.
Furthermore, the Rule 3130 Certification must also be completed annually but not later than the anniversary date of the previous year’s certification.
Contact us today to schedule your Rule 3120 Testing/Rule 3130 Certification. Click here.
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