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DOL Releases Final Extension of Fiduciary Rule Applicability Date (PDF)
Groom Law Group Link to more items from this source
[Guidance Overview]
Apr. 5, 2017
"Because the Fiduciary Rule will be applicable prior to the completion of the analysis required by the President's Memorandum, DOL may be able to take the position that the retirement services industry is able to comply with the Fiduciary Rule. Additionally, because there is no delay to the end of the Transition Period from January 1, 2018, DOL may be able to argue that making changes to the Fiduciary Rule or related exemptions would drive up compliance costs at no industry savings. That is, by January 1, 2018, the financial services industry will be expected to have finished spending the $5 billion in anticipated start-up costs."

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