DOL Opens Up Commentary on Revision of Fiduciary Rule

The Department of Labor (DOL) has published a Request for Information (RFI) related to the fiduciary rule. The RFI is an opportunity for the public to provide data and information that may be used to revise the rule and associated exemptions. There is a 15-day comment period regarding extending the Jan. 1, 2018 applicability date of certain aspects, and a 30-day comment period on all other issues raised in the RFI. Both begin upon publication of the RFI in an upcoming edition of the Federal Register. Complete instructions for submitting comments are found in the RFI.