As anticipated, 2020 has seen a number of fiduciary and best interest advice regulations advance at both the federal and state levels. Firms subject to these regulations face challenges in dealing with rules that impose a host of new obligations, and that may overlap and conflict with one another. Eversheds Sutherland has developed a chart that is intended to help firms take stock of the evolving framework and aid firms in putting the pieces together.
This most recent version of the chart is updated to reflect the final Massachusetts fiduciary regulation and the NAIC’s updated Suitability in Annuity Transactions Model Regulation (#275).
Please see full Chart below for more information.