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[Official Guidance]
Text of EBSA Announcement of Hearing on Retirement Security Rule: Definition of an Investment Advice Fiduciary and Associated Prohibited Transaction Exemption Amendments (PDF)
"[EBSA] will hold a virtual public hearing on December 12 through December 13, 2023, continuing (if necessary) on December 14, 2023, for the public to provide input on the Department's proposed Retirement Security Rule: Definition of an Investment Advice
Fiduciary, proposed amendments to Prohibited Transaction Exemption (PTE) 2020-02, proposed amendments to PTE 84-24, and proposed amendments to several other existing administrative PTEs that are available to investment advice fiduciaries.... Individuals and organizations interested in testifying at the public hearing must submit a written request to testify by November 29, 2023.... "The Department will organize the hearing into several moderated panels. Presenters will be given 10 minutes to testify, and they should be prepared to answer questions regarding their testimony. EBSA may limit the number of presenters based on how many testimony requests it receives.... EBSA will post a hearing agenda
containing the panel compositions and presentation times no later than the close of business on December 7, 2023, on its website ... "The hearing will be transcribed, and the Department will notify the public when the hearing transcript is available on EBSA's website[.]" MORE >>
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
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BenefitsLink® Retirement Plans Newsletter, ISSN no. 1536-9587.
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