DOL fiduciary rule: Agency says it will come up with new ways to comply during delay period

September 1, 2017 by Mark Schoeff Jr.

The Labor Department said Wednesday that it will propose new ways for financial advisers to comply with its fiduciary rule during its proposed 18-month delay in the implementation of the measure’s second phase.

The DOL said that the paused is needed to review the regulation under a directive issued by President Donald J. Trump earlier this year.

“More time is needed…to take a hard look at any potential undue burden,” the agency wrote in the delay rule proposal, which was posted on the website of the Federal Register. 

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Originally Posted at InvestmentNews on August 30, 2017 by Mark Schoeff Jr..