"[The DOL] has adopted a 'phased' implementation approach for the Best Interest Contract Exemption and the Principal Transactions Exemption.... During this transition period, firms and advisers must adhere to the impartial conduct standards, provide a notice to retirement investors that, among other things, acknowledges their fiduciary status and describes their material conflicts of interest, and designate a person responsible for addressing material conflicts of interest and monitoring advisers' adherence to the impartial conduct standards. Full compliance with the exemptions will be required as of January 1, 2018."  MORE >>