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DOL Proposes 60-Day Delay of Applicability Date for Fiduciary Rule
McGuireWoods [Guidance Overview] Mar. 7, 2017 "The DOL has acknowledged that its examination of the rule and the PTEs pursuant to the president's memo, together with possible resultant actions to rescind or amend the rule, could require more time than the proposed 60-day extension would provide. The DOL therefore wants to know from commenters what costs and benefit considerations it should consider if the applicability date is further delayed, for six months, a year, or more." |
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