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ARTICLE · 12 APRIL 2017

DOL Fiduciary Rule Delayed By 60 Days

Morrison Foerster
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Late in the day on April 4, 2017, the Department of Labor ("DOL") made publicly available its final rule...

United StatesFinance and Banking
Hillel Cohn
Hillel Cohn
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Impartial Conduct Standards to Become Effective on June 9, 2017

Other Provisions Are Subject of Further Evaluation Prior to January 1, 2018 Implementation Date

Late in the day on April 4, 2017, the Department of Labor ("DOL") made publicly available its final rule, extending by 60 days the implementation of its fiduciary rule adopted in April 2016 (the "Fiduciary Rule"). The final rule is expected to be published in the Federal Register on April 7, 2017, and will become effective immediately upon publication, one business day before the Fiduciary Rule was scheduled to become applicable. The pre-publication text is available on the DOL website.1

Although the 60-day delay had been widely anticipated, the final rule includes some important provisions, which will impact market participants in the near future:

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