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DOL Rolls Over Relief for Investment Fiduciaries Into 2022
Olshan Link to more items from this source
[Guidance Overview]
Dec. 22, 2021

"[FAB 2021-02] provides for two extensions of relief. First, ... for the period from December 21, 2021 through January 31, 2022, the DOL will not pursue claims against investment advice fiduciaries or treat such fiduciaries as violating the applicable Prohibited Transaction rules who are working in good faith to comply with the 'Impartial Conduct Standards'. Second, the DOL will not enforce the documentation disclosure requirement for rollovers ... through June 30, 2022."

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