{"id":664,"date":"2017-07-01T17:22:31","date_gmt":"2017-07-01T17:22:31","guid":{"rendered":"http:\/\/localhost\/?p=664"},"modified":"2019-08-06T13:58:32","modified_gmt":"2019-08-06T13:58:32","slug":"the-final-rule-the-fifth-request-for-public-comments","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2017\/07\/01\/the-final-rule-the-fifth-request-for-public-comments\/","title":{"rendered":"The Final Rule: The Fifth Request for Public Comments"},"content":{"rendered":"<p>On June 29, 2017, the Department of Labor released a request for information, seeking public comments yet again on its new \u201cinvestment advice\u201d fiduciary definition and related exemptions which became applicable on June 9.<\/p>\n<ul>\n<li>This is the fifth request for public comments under the Administrative Procedure Act since DOL undertook this rulemaking in October 2010, and the second in the last four months.<\/li>\n<li>There could be a sixth iteration later this year, in connection with any proposed changes to the Final Rule and\/or delay of the January 1, 2018, date for compliance with the full conditions of the Best Interest Contract Exemption, the Principal Transaction Exemption and PTE 84-24.<\/li>\n<li>In addition, on June 1, US Securities and Exchange Commission Chair Jay Clayton issued a statement requesting comments on the standard of conduct under the securities laws that should be applicable to investment advisers and broker-dealers serving retail investors, which includes retirement investors.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/us.eversheds-sutherland.com\/NewsCommentary\/Legal-Alerts\/201560\/The-Final-Rule-The-Fifth-Request-for-Public-Comments?utm_source=vuture&amp;utm_medium=email&amp;utm_campaign=vuture-emails\">Read More Here<\/a><\/p>\n<p>Additional contributor to this post:<\/p>\n<p><a href=\"https:\/\/us.eversheds-sutherland.com\/People\/W-Mark-Smith\">W.\u00a0Mark Smith<\/a>,\u00a0<a>marksmith@eversheds-sutherland.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 29, 2017, the Department of Labor released a request for information, seeking public comments yet again on its new \u201cinvestment advice\u201d fiduciary definition and related exemptions which became applicable on June 9. This is the fifth request for public comments under the Administrative Procedure Act since DOL undertook this rulemaking in October 2010, &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2017\/07\/01\/the-final-rule-the-fifth-request-for-public-comments\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">The Final Rule: The Fifth Request for Public Comments<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":57,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,21,22],"tags":[],"class_list":["post-664","post","type-post","status-publish","format-standard","hentry","category-compliance","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=664"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/664\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}