Blog Logo
Blog Logo

Carolyn A.W. Whitworth (AEP®)

Shareholder

Contact information

BOOKMARK SHARE
View All News & Insights
BACK TO Carolyn A.W.’S PROFILE

DOL Proposes Rule to Extend Applicability Date of BIC and Other Exemptions

The Department of Labor published a Proposed Rule to extend from January 1, 2018 to July 1, 2019, the applicability date of the Best Interest Contract (“BIC”) Exemption, the Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries and Employee Benefit Plans and IRAs, and amendments to Prohibited Transaction Exemption 84-24. The primary purpose of the extension is to allow the DOL time to consider possible changes and alternatives. The Proposed Rule was published in the Federal Register on August 31, 2017, and comments are due September 15, 2017.

For additional information contact Carolyn A.W. Whitworth.

September 07, 2017

Serving our clients successfully since 1900

The same attributes that have anchored over a century of success are still our guiding principles today.

Stay up-to-date on the latest News & Insights by subscribing to our alerts

Enter your email address below and be notified when we post new information.