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12/05/2017

Fiduciary Investment Advice Rules Delayed 18 months (article)


The Department of Labor’s Employee Benefits Security Administration (EBSA) released regulations on August 31, 2017 that proposed to delay, until July 1, 2019, full implementation of the fiduciary rule’s Best Interest Contract (BIC) exemption, the Principal Transactions Exemption, and certain amendments to a Prohibited Transaction Exemption (see Another Delay in Fiduciary Rule Implementation, Benefit Beat, 9/11/17).  On November 29, 2017, EBSA issued final rules affirming the 18-month delay of implementation of the fiduciary investment advice rules until July 1, 2019. 


 


The information contained in this article is provided as general guidance and may be affected by changes in law or regulation. This article is not intended to replace or substitute for accounting or other professional advice. Please consult a CBIZ professional. This information is provided as-is with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein. 


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