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.
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