With the implementation of Reg BI, ESI has created several new forms to comply with the new requirements, most significant of which are the Customer Relationship Summary (Form CRS) and the Regulation BI Disclosure Form.
We have also been updating most existing client documents to streamline our processes, improve consistency between forms, and make the forms easier to use. Changes to existing forms have been driven by feedback from our valued field partners.
All forms included in this notification will be available online and active through Merrill on June 22nd and through Docupace/Starting Point on June 29. The effective date for Regulation BI is June 30th. To help you prepare for these changes, advance copies of these forms are available for you to become familiar with on the NLG agent portal on the ESI Reg BI page.
Starting on June 30, reps must begin using the new versions of the forms. Paperwork initiated and signed by the client before June 30th may be submitted up until July 15th. Clients submitting business through July 15th will receive a Customer Relationship Summary (Form CRS) and the Regulation BI Disclosure Form as a subsequent mailing. Please destroy any copies of the old forms, both paper and electronic. Please see the links below for resources to assist in the proper use of these forms:
Starting on June 30, all transactions will require the new versions of the forms. At that time, please destroy any blank copies of the old forms, both paper and electronic. Please see the links below for resources to assist in the proper use of these forms:
- For a comprehensive guide to ESI forms for new direct business accounts, see the ESI Direct Business Forms Guide.
- For a comprehensive guide to ESI forms for additional Investments, see the ESI Additional Investment Documentation Requirement.
- For a summary of the changes to most transaction specific forms, please click here for the Guide to Form Changes.
- For training in a video format, please see the Reg BI webpage.
Questions? Contact ESI Operations at 800-344-7437.
TC115195(0620)1