Today the Department of Labor opened a 15-day comment period regarding a proposal to extend the applicability date of its Fiduciary Duty Rule for a period of 60 days, from April 10 to June 9.
In addition, the DOL requested comments regarding the examination described in the President’s Memorandum, dated February 3. The deadline for these comments is April 17, and the IPA is in the early stages of formulating a response.
The IPA will submit comments on the 60-day extension prior to the March 17 deadline. We will also be actively working with our Members to submit their own comments, ensuring that we amplify our voice throughout this critical process.
Next week, the IPA will provide to Members:
- The IPA comment letter, which can be used to support Member firm comment letters.
- A letter writing tool on our website – and easily accessible from your mobile device – that will provide one-click action for Members to send additional letters of support.
We appreciate your commitment to this important industry campaign, and we will continue to keep you informed and updated on new developments.
President and Chief Executive Officer
Investment Program Association