DOL FAQ on Conflict Of Interest Rules

The DOL has released its first FAQ on implementing the DOL’s conflict of interest regulations which go into effect next year.

Document Excerpt

The preambles to the final Rule and exemptions include detailed explanations of their relevant terms and provisions, as well as descriptions of the purposes and principles that motivated this rulemaking. In addition to consulting the regulatory text and preambles, readers may also consult the FAQs below for additional guidance on application of the exemptions’ terms. This guidance, like the Rule and related exemptions, is generally limited to advice concerning investments in IRAs, ERISA-covered plans, and other plans covered by section 4975(e)(1) of the Internal Revenue Code.


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