Date: September 15, 2017
Issue: Fiduciary Duty Rule
To: Employee Benefits Security Administration, Department of Labor
Filing Type: Letter
Details: CCMC sent a letter to DOL commenting on the Department’s Proposal extending the Rule’s Transition Period by changing the applicability dates of certain provisions in the Best Interest Contract Exemption, and the Class Exemption for Principal Transactions, and Prohibited Transaction Exemption 84–24 from January 1, 2018, to July 1, 2019.