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Final Investment Duties Rules Drop ESG Terminology and Separate Standard for Designated Investment Alternatives
Thomson Reuters / EBIA [Guidance Overview] Nov. 6, 2020 "The final version of the rules includes substantial changes in response to comments on the proposed amendment ... [1] Prudence and loyalty addressed separately.... [2] Reasonably available alternatives.... [3] ESG references eliminated.... [4] Tie-breaker situations.... [5] Separate standard for individual account plans eliminated.... [6] QDIA restriction narrowed.... [7] Effective date." |
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