IN THE NEWS: Fiduciary Rule Changes Officially Delayed by DOL
Close
 

IN THE NEWS: Fiduciary Rule Changes Officially Delayed by DOL

November 27, 2017 The Department of Labor (DOL) announced an 18-month extension of the effective date of highly anticipated changes to key provisions of the fiduciary rule. The DOL extended the special Transition Period for the Fiduciary Rule’s Best Interest Contract Exemption and the Principal Transactions Exemption in addition to the applicability of certain amendments to the Prohibited Transaction Exemption 84-24 (PTEs) to July 1, 2019. This measure is intended to give the Department time to consider public comments, including whether possible changes and alternatives to exemptions would be appropriate in light of the current comment record and potential input from, and action by, the SEC, state insurance commissioners and other regulators.