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DOL Charts a New Course for ERISA's Fiduciary Rule
Dechert
[Guidance Overview] Apr. 25, 2017
"[C]ompliance with the Fiduciary Rule and the related PTEs is generally not required until June 9, 2017.... Compliance with the remaining conditions of the [BIC Exemption] and with the amendments to [PTE 84-24] ... will not be required until January 1, 2018.... [A chart] provides a high-level summary and timeline of the applicability of the various aspects of the fiduciary rulemaking, and identifies a few discrete issues that industry participants might consider in anticipation of the June 9 applicability date[.]"
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