Broker-Dealer Compliance Manual Section 13- Impartial Conduct

The Broker-Dealer Written Supervisory Procedures Section on Impartial Conduct Standards serves as an important part of a firm’s written supervisory procedures (WSPs) and overall compliance program in accordance with FINRA Rule 3110 & Department of Labor’s (DOL’s) adopted Prohibited Transaction Exemption 2020-02 (“PTE 2020- 02”).  The WSP Section includes ten (10) separate sections that help firms outline effective supervisory processes regarding compliance with DOL’s Impartial Conduct Standards and sample descriptions of supervisory review processes that can be further customized to align with your specific business model. Members also downloaded the Rollover Due Diligence Form for DOL PTE 2020-02, Written Acknowledgement of Fiduciary Status under DOL PTE 2020-02 and viewed our WSP Library.

Version/Update: V.2/May 31, 2022

Total Page Count/Format: 27/.docx

Source/Author(s): Connexien