DOL Announces Proposed Delay and Possible Changes to Fiduciary Adviser Regulations

 DOL proposes to delay effective date of fiduciary adviser regulations and further announces the possibility of changes to those regulations.

Document Excerpt

Consistent with the memorandum of January 20, 2009, from the Assistant to the President and Chief of Staff, entitled ‘‘Regulatory Review,’’ this document proposes to extend for 60 days the effective and applicability dates of final rules under the Employee Retirement Income Security Act, and parallel provisions of the Internal Revenue Code of 1986, relating to the provision of investment advice to participants and beneficiaries in individual account plans, such as 401(k) plans, and beneficiaries of individual retirement accounts (and certain similar plans).

 

 

Link http://edocket.access.gpo.gov/2009/pdf/E9-2296.pdf

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