DOL Extends Transition Period for Fiduciary Rule Exemptions

DOL provides guidance on extended transition period.

Document Excerpt

WASHINGTON, DC – The U.S. Department of Labor has announced an 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 of the applicability of certain amendments to Prohibited Transaction Exemption 84-24 (PTEs). This follows public comment on a proposed extension that was published in August.

Link

https://www.dol.gov/newsroom/releases/ebsa/ebsa20171127-0

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