March 2, 2017Client Alert

DOL Proposes 60 Days Delay for Applicability of Fiduciary Rule

On March 2, 2017, the Department of Labor (DOL) issued a proposed rule that would extend by 60 days the applicability date of the Fiduciary Rule that was published on April 8, 2016, along with related prohibited transaction exemptions (including the Best Interest Contract Exemption). The applicability date set forth in that final rule was April 10, 2017. The new proposed rule would delay the applicability date until June 9, 2017.

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