Department of Labor Confirms June 9, 2017 Applicability Date for ERISA Fiduciary Rule and Issues Transition Relief and Guidance
On May 22, 2017, the Department of Labor (“DOL”) confirmed that the general applicability date for the new fiduciary rule promulgated under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), will remain June 9, 2017, while also issuing certain transition relief information and guidance for the period running from June 9, 2017 through January 1, 2018.