CURRENT STATUS: The rule has been delayed 60 days to June 9. According to the details of the delay, the fiduciary definition and the Impartial Conduct Standards will go into effect on June 9, 2017. Other requirements, such as the Best Interest Contract and transition disclosures, among others, will be delayed until January 1, 2018, unless they are repealed or revised before then.
The new administration has expressed concerns about the DOL fiduciary rule, raising questions about whether the rule will go into effect. The following are important events that have taken place so far: