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DOL Fiduciary Rule Delayed, But Parts Might Be Here to Stay
Proskauer's ERISA Practice Center [Guidance Overview] Apr. 6, 2017
"In addition to the general 60-day delay, the Department has delayed most of the requirements for the best interest contract and other new exemptions through January 1, 2018. In setting separate applicability dates, the Department distinguished between [1] the rule on fiduciary status (who is a fiduciary) and the 'Impartial Conduct' standard (acting in the client's best interest), and [2] the more onerous requirements of the various exemptions. The Department hinted that it might let the rule on fiduciary status and the Impartial Conduct standard go into effect as early as June 9."
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