Purchase Your Blue Vault Research Subscription
ALERT: DOL Fiduciary Rule Delay Published
August 30, 2017 | FSI
The Office of Management and Budget has approved a proposal to delay for 18 months implementation of the remaining provisions in the Labor Department’s fiduciary rule.
The OMB made its determination on Monday and posted the decision on its website on Tuesday, taking only a fraction of the 90 days that it could have had to review the proposal, which was submitted by DOL on Aug. 9.
The delay proposal has been sent back to DOL, which is likely to release it soon for a short comment period. After reviewing the input, DOL would file a final delay rule with OMB for approval. Experts say the delay rulemaking process will likely conclude in October. The DOL did not immediately respond to a request for comment.
Go Back
Recent News
- Capital Square Opportunity Zone Fund I Pays Distributions for Q1 2023
- Rick Vitale, CFA Returns to Legendary Capital, Bringing Extensive Expertise and Vision to the Firm
- Ryman Hospitality Properties to Acquire JW Marriott Hill Country from BREIT
- Peak Capital Solutions continues expansion with hire for East Coast territory
- Blackstone Real Estate Fund Facing Substantial Redemption Requests
Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.
