The DOL, in its proposed rule delay, which will likely be published on March 2, 2017 in the Federal Register, seeks a 60-day delay of the fiduciary rule, currently set to start on April 10, 2017. The proposed 60-day rule delay is also a new rule and will have a short 15-day public comment period ending on March 17, 2017. It would likewise extend the expiration date of the 1975 investment-advice fiduciary rule. The fiduciary rule, which is set to go live in April, has been debated and in the works for approximately seven years. So stay tuned for further updates on the fiduciary rule, as changes and developments will likely continue far past April.

Source: Forbes March 01, 2017 17:23 UTC