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Reg Bi Policy

Draft Reg BI & Suitability Policies in Minutes

12 minutes with CaseMark

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Upload your documents and get a finished work product in minutes. New accounts get $5 free to run their first skill.

12 minutes with CaseMark

What you'll need

  • Firm Details & Business Model
  • Existing Compliance Materials
  • Product & Compensation Information

SOC 2 Type II · HIPAA compliant · $5 free credit

Workflow

Overview

CaseMark's Reg BI Policy skill uses AI to draft comprehensive, board-ready Suitability and Best Interest policies for broker-dealers. It covers the full scope of FINRA Rule 2111 and SEC Regulation Best Interest, including all four component obligations, Form CRS integration, supervision, and recordkeeping. The result is a professionally structured compliance policy tailored to your firm's specific business model and product offerings.

Drafting Reg BI and suitability policies is a complex, time-intensive process that requires deep familiarity with overlapping FINRA and SEC requirements. Compliance teams often spend weeks assembling policies from scratch or patching together outdated templates, risking gaps in coverage that can lead to regulatory findings and enforcement actions.

CaseMark automates the drafting of comprehensive Reg BI and suitability policies by analyzing your firm's specific details against the full regulatory framework. The AI produces a board-ready policy covering all four Reg BI obligations, the FINRA suitability framework, Form CRS procedures, and supervisory protocols—giving compliance teams a complete, customized starting point in minutes instead of weeks.

How it works

  1. 1. Upload your firm details, existing compliance materials, product inventory, and compensation arrangements

  2. 2. AI analyzes your inputs against FINRA Rule 2111 and SEC Reg BI requirements to draft a comprehensive policy

  3. 3. Review and customize the board-ready policy with hierarchical section numbering and definitions

  4. 4. Export the finalized policy in your preferred format (DOCX, PDF)

What you get

  • Policy Statement & Definitions

  • FINRA Rule 2111 Suitability Framework

  • Reg BI Four-Obligation Framework

  • Form CRS Integration & Delivery Procedures

  • Supervision, Recordkeeping & Review Protocols

What it handles

  • Comprehensive FINRA Rule 2111 suitability framework covering reasonable-basis, customer-specific, and quantitative components

  • Full Reg BI four-obligation framework: Disclosure, Care, Conflict of Interest, and Compliance

  • Form CRS integration and delivery procedures

  • Supervision, escalation, and recordkeeping protocols

  • Board-ready formatting with hierarchical section numbering and definitions

Required documents

  • Firm Details & Business Model

    Overview of the firm's business model, organizational chart, and product offerings

    .pdf, .docx

  • Existing Compliance Materials

    Current compliance policies, manuals, and supervisory procedures

    .pdf, .docx

  • Product & Compensation Information

    Product inventory, compensation structures, revenue-sharing arrangements, and third-party payment details

    .pdf, .docx, .xlsx

Supporting documents

  • Regulatory Examination Findings

    Prior FINRA or SEC examination findings or deficiency letters related to suitability or Reg BI

    .pdf, .docx

  • Form CRS Filing

    Current Form CRS (Client Relationship Summary) for integration into the policy

    .pdf, .docx

Why teams use it

Reduce policy drafting time from weeks to minutes while maintaining regulatory rigor

Ensure comprehensive coverage of all FINRA 2111 and Reg BI requirements in a single integrated document

Tailor policies to your firm's unique business model, products, and compensation structures

Produce board-ready output with professional formatting, definitions, and hierarchical organization

Questions

What regulatory requirements does this policy cover?

CaseMark's Reg BI Policy skill drafts policies covering both FINRA Rule 2111 (reasonable-basis, customer-specific, and quantitative suitability) and all four SEC Regulation Best Interest component obligations: Disclosure, Care, Conflict of Interest, and Compliance. It also addresses Form CRS integration.

Is the output ready for board approval?

Yes. CaseMark generates the policy in a formal, board-ready format with hierarchical section numbering, a comprehensive definitions section, and professional structure suitable for presentation to your firm's board of directors or compliance committee.

Can I customize the policy for my firm's specific products and compensation structures?

Absolutely. CaseMark tailors the drafted policy to your firm's specific business model, product offerings, and compensation arrangements. You can further review and edit every section before finalizing.

How does CaseMark handle the conflict of interest obligation under Reg BI?

CaseMark drafts detailed conflict identification, mitigation, and elimination procedures as part of the Reg BI Conflict of Interest obligation section. It addresses compensation-related conflicts, revenue sharing, proprietary products, and third-party payment arrangements based on the information you provide.

Does the policy include supervisory and recordkeeping procedures?

Yes. CaseMark includes comprehensive supervision protocols, escalation procedures, review thresholds, and recordkeeping requirements aligned with both FINRA and SEC expectations. These sections are designed to be operationally actionable.

How often should I regenerate or update this policy?

CaseMark recommends reviewing and updating your Reg BI and suitability policies at least annually or whenever there are material changes to your firm's business model, product offerings, compensation structures, or applicable regulations. You can re-run the skill with updated inputs at any time.

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