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Best Interest Standard of Care for Advisors, Part 53
FredReish.com Link to more items from this source
[Guidance Overview]
June 9, 2021

"The new fiduciary 'rule' has two parts with their own effective dates.... [T]he expanded definition of fiduciary advice became effective for enforcement purposes on February 16.... [T]he prohibited transaction exemption also became on February 16, but a non-enforcement policy delayed most, but not all, of its conditions to December 21. The condition now in effect is satisfaction of the Impartial Conduct Standards."

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