Retirement Plans Newsletter

BULLETIN
Supplement to
August 9, 2017

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DOL Notifies District Court of Intent to Extend Transition Period and Delay Applicability Dates for Fiduciary Rule and PTEs (PDF)
"[DOL hereby notifies] the Court that on August 9, 2017, the Department submitted to [OMB] proposed amendments to three exemptions, entitled: Extension of Transition Period and Delay of Applicability Dates From January 1, 2018, to July 1, 2019; Best Interest Contract Exemption (PTE 2016-01); Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries and Employee Benefit Plans and IRAs (PTE 2016-02); Prohibited Transaction Exemption 84-24 for Certain Transactions Involving Insurance Agents an d Brokers, Pension Consultants, Insurance Companies, and Investment Company Principal Underwriters (PTE 84-24). Notification of the submission becomes publicly available the morning after submission."
U.S. Department of Labor [DOL], via U.S. District Court for the District of Minnesota

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