{"id":11752,"date":"2017-01-04T08:56:05","date_gmt":"2017-01-04T13:56:05","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=11752"},"modified":"2017-01-04T08:56:05","modified_gmt":"2017-01-04T13:56:05","slug":"sec-offers-guidance-on-dol-fiduciary-rule-compliance","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/sec-offers-guidance-on-dol-fiduciary-rule-compliance\/","title":{"rendered":"SEC Offers Guidance on DOL Fiduciary Rule Compliance"},"content":{"rendered":"
Since the DOL conflict of interest rule\u2019s publication, mutual fund providers and their adviser-intermediaries have also been asking the SEC extensive questions about sales loads, fee schedules, etc.\u00a0<\/p>\n
By John Manganaro EDITORS@ASSETINTERNATIONAL.COM<\/a> | December 30, 2016<\/span><\/p>\n The Securities and Exchange Commission (SEC) will not be in charge of applying the stricter conflict of interest standards<\/a>\u00a0being introduced for retirement plan advisers and the investment providers supplying them with products to sell, but many of its own rules and regulations will interact intimately with the Department of Labor rulemaking.<\/p>\n According to the SEC\u2019s latest guidance, since the DOL rule\u2019s proposition and finalization, representatives of mutual funds have been considering a variety of issues related to its implementation, including \u201ccontemplating certain changes to fund fee structures that would, in certain instances,\u00a0level the compensation provided to a financial intermediary<\/a>\u00a0for the sale of fund shares by that intermediary and facilitate intermediaries\u2019 compliance with the rule.\u201d<\/p>\n SEC notes that some funds are considering streamlined sales load structures to simplify costs for investors and to help address operational and compliance challenges that can exist for intermediaries that sell shares of multiple funds. Thus, its guidance is focused on disclosure issues and certain procedural requirements with offering variations in fund sales loads and new fund share classes.<\/p>\n<\/p>\n