The New Fiduciary Rule (31):The DOL’s Final Fiduciary Definition Compared to the Proposal
Key Takeaways The DOL’s fiduciary regulation and the amended Prohibited Transaction Exemptions (PTEs) 2020-02 and 84-24 will be effective on September 23 of this year. However, some of the requirements (called “conditions”) of PTEs 2020-02 and 84-24 will not be effective until a full year later…September 23, 2025. As a result, broker-dealers, investment advisers, banks, […]