trending Market Intelligence /marketintelligence/en/news-insights/trending/DFqUciIATqiUH6eQsvbM6g2 content esgSubNav
In This List

Labor Department's fiduciary rule scheduled for June 9 implementation

Podcast

Street Talk Episode 78: The case to build deposits in a market flush with cash

Podcast

Street Talk Episode 79: More attractive premiums for bank M&A targets coming

Blog

Banking Essentials Newsletter: June Edition, Part - 2

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally


Labor Department's fiduciary rule scheduled for June 9 implementation

The U.S. Department of Labor postponed the Conflict of Interest Final Rule's applicability date to June 9 from April 10. The extension also covers exemptions, including the Best Interest Contract Exemption.

All the exemptions' conditions become fully applicable on Jan. 1, 2018. Until then, the Labor Department will continue to evaluate the need for more amendments.

Under the Conflict of Interest Final Rule, commonly known as the fiduciary rule, advisers to retirement investors must adhere to the fiduciary standard. That standard forces them to prove that recommendations are in their clients' best interest, as opposed to possibly being more lucrative in terms of commissions.