Comparing CFP Board's Code and Standards to the SEC's Reg BI
CFP® professionals who are registered representatives of broker-dealers will be subject to both the Code and Standards and Reg BI. While the Code and Standards and Reg BI contain many similar requirements, there also are some important differences.
CFP Board is providing this guidance to those CFP® professionals who are subject to Reg BI, to help them understand CFP Board’s perspective on some important similarities and differences between CFP Board’s Code and Standards and the SEC’s Reg BI. CFP Board does not intend for this guide to provide a comprehensive list of similarities and differences between Reg BI and the Code and Standards, but it addresses key areas of particular significance to CFP® professionals.
Topics in this guidance include:
- Standards of Conduct
- Duty of Care
- Duty of Loyalty
- Conflicts of Interest
- Disclosures Concerning Conflicts of Interest
- What Recommendations They Cover
- What Relationships They Cover
Access More Guidance Materials
This compliance resource is part of a full library of resources that CFP® professionals can use to comply with the Code and Standards. More guidance materials can be found in our Compliance Resources Library.