Despite the recent upheaval caused by the coronavirus pandemic and the SEC’s relief from certain filing deadlines, fund managers should not expect the June 30, 2020, compliance date for Regulation Best Interest or Form CRS to be extended. That was the message SEC Chair Jay Clayton sent in a recent speech. Clayton’s remarks provide valuable insight for fund managers into the SEC’s perspective and commitment to protect “long-term Main Street investors,” which the SEC Chair insisted remained strong despite the uncertainties caused by the coronavirus pandemic. This article highlights the key points from Clayton’s speech. For coverage of another speech by Clayton, see our two-part series “Efforts to Modernize Regulatory Framework”: Part One (Jan. 30, 2020); and Part Two (Feb. 6, 2020).