Letters

SIFMA Supports DOL Extension of Transition Period and Delay of Applicability Dates

Summary

SIFMA provides comments to the US Department of Labor (DOL) in support for the DOL’s proposed 18-month delay of the applicability date of three exemption provisions in the DOL’s fiduciary rule. SIFMA believes this delay is critical to provide certainty to investors and the financial services industry and to avoid the expenditure of significant amounts for systems, products or processes required by the amended exemptions, which will almost certainly undergo significant changes.

See also:

Request for Information on Fiduciary Rule and Prohibited Transaction Exemptions 

Press Release

PDF

Submitted To

DOL

Submitted By

SIFMA

Committee

Government Representatives Committee

Date

15

September

2017