DOL Proposes Amendments to Delay Applicability Date for Fiduciary Rule

August 10, 2017

On August 9, 2017, the Department of Labor submitted proposed amendments to the Best Interest Contract Exemption (BICE), Class Exemption for Principal Transactions and Prohibited Transaction Exemption 84-24, to delay applicability under the Fiduciary Rule from January 1, 2018 to July 1, 2019.

In the meantime, we will continue to monitor the Department of Labor’s (and the SEC’s) actions in this area, and will keep you informed of any changes to the Fiduciary Rule and Applicability Date.

Please also refer to these prior posts regarding the Fiduciary Rule:

 


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