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Electronic Disclosure: SEC Requirements and the Form CRS Business Case

Before your firm decides to shift client communications from a paper-based delivery method to a digital experience, it's important to understand the Securities and Exchange Commission's (SEC) guidance on the use of electronic media. 

In this white paper, Thompson Hine LLP outlines the SEC's principal requirements that brokers and advisers must meet when communicating electronically with clients. 

Then, using Form CRS as a case study, they highlight the advantages of implementing electronic delivery in compliance with those regulations. 

>> CLICK HERE TO ACCESS THE WHITE PAPER

 

 

 

What you'll learn

PROPER NOTICE

Proper notice is required when sending information electronically. But what does it mean to say that notice is “proper”?

ADEQUATE ACCESS

You must provide clients with adequate access to electronic communications - similar to what is provided through traditional mail.

PROOF OF ACCESS OR PRIOR INFORMED CONSENT

Once you are satisfied that your proposed method of electronic delivery provides timely and adequate notice, are you ready to hit “send”? Not quite yet.

RECORDKEEPING

Recordkeeping rules permit advisers and brokers to store records electronically. But are your electronic storage systems designed in accordance with the rules’ requirements?

"With more than 90% of adults in the United States using the Internet, and nearly 89% filling federal taxes electronically, a digital approach to document delivery and client engagement should be viewed as a priority."


 
Source: https://www.irs.gov/statistics/returns-filed-taxes-collected-and-refunds-issued

Download the White Paper on Electronic Disclosure