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Tips for Drafting Best Interest Contracts Under DOL Rule (PDF)
Eversheds Sutherland Link to more items from this source
June 30, 2016

"In the BIC contract or in a separate single written disclosure provided with the contract, the [financial institution (FI)] must clearly and prominently make certain disclosures. The content of the disclosures will be subject to customization to the FI's particular circumstances. As they apply to IRAs, a few of the disclosures are redundant to other contract terms. So long as the required information is provided clearly and prominently, a single disclosure of particular information is sufficient."

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