DOL Proposes Extension Of Transition Rule Period For Fiduciary Rule Exemptions

(September 1, 2017, 8:48 AM EDT) -- WASHINGTON, D.C. — The U.S. Department of Labor’s Employee Benefits Security Administration on Aug. 31 published in the Federal Register a proposed 18-month extension from Jan. 1, 2018, to July 1, 2019, of the special transition period for the fiduciary rule’s Best Interest Contract Exemption and the Principal Transactions Exemption and certain amendments to Prohibited Transaction Exemption 84-24....

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