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DOL Issues Proposed Amendment to QPAM Exemption
Goodwin Procter 
[Guidance Overview] Aug. 3, 2022 "[T]he proposed rule contains no grandfathering provision for existing QPAMs ... [E]xisting QPAMs that meet the current capital and/or AUM requirement, but which may not meet the amended requirements, may need to consider alternatives to the QPAM Exemption ... The costs, in time and money, to effect these changes, which could conceivably affect millions of discretionary investment management agreements, will be significant." MORE >> |
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