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DOL Officially Proposes 18-Month Extension of Fiduciary Rule Exemptions' Transition Period
K&L Gates [Guidance Overview] Sept. 5, 2017 "DOL is also seeking comment on whether other approaches to the delay would be more appropriate, in particular, the relative benefits or harms of three possible approaches: [1] a 'time-certain' delay, such as the currently proposed 18 months, [2] a delay that ends at a specific time period after the occurrence of a defined event (such as the conclusion of DOL's presidentially mandated review); or [3] a tiered approach that extends the Transition Period until the earlier or later of (a) a date certain or (b) the end of a period following the occurrence of a defined event. Comments are due by September 15, 2017." |
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