According to the DOL’s semiannual regulatory agenda indicating which rules the department plans to issue, the redefinition-of-fiduciary rule, which DOL’s Employee Benefits Security Administration calls “Conflict of Interest Rule—Investment Advice,” will be re-proposed in October.
Apparently, October will be a busy month on Constitution Ave. Also slated for release:
• a proposed a rule augmenting the current 408(b)(2) requirements, requiring covered service providers to furnish a guide or tool to help plan fiduciaries to improve their disclosures; and
• a final rule that will require providing more detailed information about TDFs to participants.
