PageIndex/results/Regulation Best Interest_proposed rule_structure.json

[
  {
    "title": "Preface",
    "start_index": 1,
    "end_index": 6
  },
  {
    "title": "INTRODUCTION",
    "start_index": 6,
    "end_index": 12,
    "child_nodes": [
      {
        "title": "Background",
        "start_index": 12,
        "end_index": 22,
        "child_nodes": [
          {
            "title": "Evaluation of Standards of Conduct Applicable to Investment Advice",
            "start_index": 22,
            "end_index": 26
          },
          {
            "title": "DOL Rulemaking",
            "start_index": 26,
            "end_index": 32
          },
          {
            "title": "Statement by Chairman Clayton",
            "start_index": 32,
            "end_index": 36
          }
        ]
      },
      {
        "title": "General Objectives of Proposed Approach",
        "start_index": 36,
        "end_index": 44
      }
    ]
  },
  {
    "title": "DISCUSSION OF REGULATION BEST INTEREST",
    "start_index": 44,
    "end_index": 44,
    "child_nodes": [
      {
        "title": "Overview of Regulation Best Interest",
        "start_index": 44,
        "end_index": 50
      },
      {
        "title": "Best Interest, Generally",
        "start_index": 50,
        "end_index": 58,
        "child_nodes": [
          {
            "title": "Consistency with Other Approaches",
            "start_index": 58,
            "end_index": 66
          },
          {
            "title": "Request for Comment on the Best Interest Obligation",
            "start_index": 66,
            "end_index": 71
          }
        ]
      },
      {
        "title": "Key Terms and Scope of Best Interest Obligation",
        "start_index": 71,
        "end_index": 71,
        "child_nodes": [
          {
            "title": "Natural Person who is an Associated Person",
            "start_index": 71,
            "end_index": 72
          },
          {
            "title": "When Making a Recommendation, At Time Recommendation is Made",
            "start_index": 72,
            "end_index": 82
          },
          {
            "title": "Any Securities Transaction or Investment Strategy",
            "start_index": 82,
            "end_index": 83
          },
          {
            "title": "Retail Customer",
            "start_index": 83,
            "end_index": 90
          },
          {
            "title": "Request for Comment on Key Terms and Scope of Best Interest Obligation",
            "start_index": 90,
            "end_index": 96
          }
        ]
      },
      {
        "title": "Components of Regulation Best Interest",
        "start_index": 96,
        "end_index": 97,
        "child_nodes": [
          {
            "title": "Disclosure Obligation",
            "start_index": 97,
            "end_index": 133
          },
          {
            "title": "Care Obligation",
            "start_index": 133,
            "end_index": 166
          },
          {
            "title": "Conflict of Interest Obligations",
            "start_index": 166,
            "end_index": 196
          }
        ]
      },
      {
        "title": "Recordkeeping and Retention",
        "start_index": 196,
        "end_index": 199
      },
      {
        "title": "Whether the Exercise of Investment Discretion Should be Viewed as Solely Incidental to the Business of a Broker or Dealer",
        "start_index": 199,
        "end_index": 209
      }
    ]
  },
  {
    "title": "REQUEST FOR COMMENT",
    "start_index": 209,
    "end_index": 210,
    "child_nodes": [
      {
        "title": "Generally",
        "start_index": 210,
        "end_index": 212
      },
      {
        "title": "Interactions with Other Standards of Conduct",
        "start_index": 212,
        "end_index": 214
      }
    ]
  },
  {
    "title": "ECONOMIC ANALYSIS",
    "start_index": 214,
    "end_index": 214,
    "child_nodes": [
      {
        "title": "Introduction, Primary Goals of Proposed Regulations and Broad Economic Considerations",
        "start_index": 214,
        "end_index": 214,
        "child_nodes": [
          {
            "title": "Introduction and Primary Goals of Proposed Regulation",
            "start_index": 214,
            "end_index": 215
          },
          {
            "title": "Broad Economic Considerations",
            "start_index": 215,
            "end_index": 225
          }
        ]
      },
      {
        "title": "Economic Baseline",
        "start_index": 225,
        "end_index": 225,
        "child_nodes": [
          {
            "title": "Market for Advice Services",
            "start_index": 225,
            "end_index": 246
          },
          {
            "title": "Regulatory Baseline",
            "start_index": 246,
            "end_index": 255
          }
        ]
      },
      {
        "title": "Benefits, Costs, and Effects on Efficiency, Competition, and Capital Formation",
        "start_index": 255,
        "end_index": 258,
        "child_nodes": [
          {
            "title": "Benefits",
            "start_index": 258,
            "end_index": 272
          },
          {
            "title": "Costs",
            "start_index": 272,
            "end_index": 275,
            "child_nodes": [
              {
                "title": "Standard of Conduct Defined as Best Interest",
                "start_index": 275,
                "end_index": 275,
                "child_nodes": [
                  {
                    "title": "Operational Costs",
                    "start_index": 275,
                    "end_index": 277
                  },
                  {
                    "title": "Programmatic Costs",
                    "start_index": 278,
                    "end_index": 280
                  }
                ]
              },
              {
                "title": "Disclosure Obligation",
                "start_index": 280,
                "end_index": 286
              },
              {
                "title": "Obligation to Exercise Reasonable Diligence, Care, Skill, and Prudence in Making a Recommendation",
                "start_index": 286,
                "end_index": 290
              },
              {
                "title": "Obligation to Establish, Maintain, and Enforce Written Policies and Procedures Reasonably Designed to Identify and at a Minimum Disclose, or Eliminate, All Material Conflicts of Interest Associated with a Recommendation",
                "start_index": 290,
                "end_index": 295,
                "child_nodes": [
                  {
                    "title": "Eliminate Material Conflicts of Interest Associated with a Recommendation",
                    "start_index": 295,
                    "end_index": 297
                  },
                  {
                    "title": "At a Minimum Disclose Material Conflicts of Interest Associated with a Recommendation",
                    "start_index": 297,
                    "end_index": 299
                  }
                ]
              },
              {
                "title": "Obligation to Establish, Maintain, and Enforce Written Policies and Procedures Reasonably Designed to Identify and Disclose and Mitigate, or Eliminate, Material Conflicts of Interest Arising from Financial Incentives Associated with a Recommendation",
                "start_index": 299,
                "end_index": 300,
                "child_nodes": [
                  {
                    "title": "Eliminate Material Conflicts Arising from Financial Incentives Associated with a Recommendation",
                    "start_index": 300,
                    "end_index": 304
                  },
                  {
                    "title": "Disclose and Mitigate Material Conflicts of Interest Arising from Financial Incentives Associated with a Recommendation",
                    "start_index": 304,
                    "end_index": 316
                  }
                ]
              }
            ]
          }
        ]
      },
      {
        "title": "Effects on Efficiency, Competition, and Capital Formation",
        "start_index": 316,
        "end_index": 324
      },
      {
        "title": "Reasonable Alternatives",
        "start_index": 324,
        "end_index": 325,
        "child_nodes": [
          {
            "title": "Disclosure-Only Alternative",
            "start_index": 325,
            "end_index": 327
          },
          {
            "title": "Principles-Based Standard of Conduct Obligation",
            "start_index": 327,
            "end_index": 328
          },
          {
            "title": "A Fiduciary Standard for Broker-Dealers",
            "start_index": 328,
            "end_index": 332
          },
          {
            "title": "Enhanced Standards Akin to Conditions of the BIC Exemption",
            "start_index": 332,
            "end_index": 335
          }
        ]
      },
      {
        "title": "Request for Comment",
        "start_index": 335,
        "end_index": 338
      }
    ]
  },
  {
    "title": "PAPERWORK REDUCTION ACT ANALYSIS",
    "start_index": 338,
    "end_index": 340,
    "child_nodes": [
      {
        "title": "Respondents Subject to Proposed Regulation Best Interest and Proposed Amendments to Rule 17a-3(a)(25), Rule 17a-4(e)(5)",
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        "end_index": 340,
        "child_nodes": [
          {
            "title": "Broker-Dealers",
            "start_index": 340,
            "end_index": 340
          },
          {
            "title": "Natural Persons Who Are Associated Persons of Broker-Dealers",
            "start_index": 340,
            "end_index": 341
          }
        ]
      },
      {
        "title": "Summary of Collections of Information",
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        "end_index": 342,
        "child_nodes": [
          {
            "title": "Conflict of Interest Obligations",
            "start_index": 342,
            "end_index": 353
          },
          {
            "title": "Disclosure Obligation",
            "start_index": 353,
            "end_index": 370
          },
          {
            "title": "Care Obligation",
            "start_index": 370,
            "end_index": 370
          },
          {
            "title": "Record-Making and Recordkeeping Obligations",
            "start_index": 370,
            "end_index": 375
          }
        ]
      },
      {
        "title": "Collection of Information is Mandatory",
        "start_index": 375,
        "end_index": 375
      },
      {
        "title": "Confidentiality",
        "start_index": 375,
        "end_index": 376
      },
      {
        "title": "Request for Comment",
        "start_index": 376,
        "end_index": 377
      }
    ]
  },
  {
    "title": "SMALL BUSINESS REGULATORY ENFORCEMENT FAIRNESS ACT",
    "start_index": 377,
    "end_index": 378
  },
  {
    "title": "INITIAL REGULATORY FLEXIBILITY ACT ANALYSIS",
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    "end_index": 379,
    "child_nodes": [
      {
        "title": "Reasons for and Objectives of the Proposed Action",
        "start_index": 379,
        "end_index": 381
      },
      {
        "title": "Legal Basis",
        "start_index": 381,
        "end_index": 381
      },
      {
        "title": "Small Entities Subject to the Proposed Rule",
        "start_index": 381,
        "end_index": 382
      },
      {
        "title": "Projected Compliance Requirements of the Proposed Rule for Small Entities",
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        "end_index": 383,
        "child_nodes": [
          {
            "title": "Conflict of Interest Obligations",
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            "end_index": 386
          },
          {
            "title": "Disclosure Obligations",
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            "end_index": 394
          },
          {
            "title": "Obligation to Exercise Reasonable Diligence, Care, Skill and Prudence",
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            "end_index": 394
          },
          {
            "title": "Record-Making and Recordkeeping Obligations",
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            "end_index": 397
          }
        ]
      },
      {
        "title": "Duplicative, Overlapping, or Conflicting Federal Rules",
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        "end_index": 398
      },
      {
        "title": "Significant Alternatives",
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        "end_index": 401,
        "child_nodes": [
          {
            "title": "Disclosure-Only Alternative",
            "start_index": 401,
            "end_index": 401
          },
          {
            "title": "Principles-Based Alternative",
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            "end_index": 402
          },
          {
            "title": "Enhanced Standards Akin to BIC Exemption",
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            "end_index": 403
          }
        ]
      },
      {
        "title": "General Request for Comment",
        "start_index": 403,
        "end_index": 403
      }
    ]
  },
  {
    "title": "STATUTORY AUTHORITY AND TEXT OF PROPOSED RULE",
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    "end_index": 408
  }
]