DOL files to delay fiduciary rule
February 14, 2017 by Melanie Waddell
As expected, the Department of Labor filed a notice Thursday with the Office of Management and Budget to delay implementation of its fiduciary rule via a Notice of Proposed Rulemaking.
OMB reviews generally take from 10 to 14 days and then once OMB approves the proposal, Labor will send the notice to the Federal Register for publication — generally within one day.
The notice filed at OMB Thursday does not say how long Labor plans to delay the rule’s April 10 compliance date, though 180 days has been widely discussed.
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