{"id":12798,"date":"2017-02-27T15:27:54","date_gmt":"2017-02-27T20:27:54","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=12798"},"modified":"2017-02-27T15:27:54","modified_gmt":"2017-02-27T20:27:54","slug":"dol-moves-to-delay-fiduciary-rule","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/dol-moves-to-delay-fiduciary-rule\/","title":{"rendered":"DOL Moves to Delay Fiduciary Rule"},"content":{"rendered":"
February 27, 2017 | by\u00a0Melanie Waddell<\/a>\u00a0| Investment\u00a0Advisor<\/p>\n After a third federal court ruling in early February upheld the Department of Labor’s fiduciary rule<\/a>, Labor’s Acting Secretary Edward Hugler filed in short order with the Office of Management and Budget to delay the rule’s April 10 compliance date<\/a>.<\/p>\n Hugler’s filing came only days after President Donald Trump directed DOL on Feb. 3 to review its fiduciary rule, and if it deems appropriate, come up with a plan to revise the rulemaking.<\/p>\n That plan was filed in mid-February with OMB via a Notice of Proposed Rulemaking.<\/p>\n The notice filed at OMB did not say how long Labor plans to delay the rule’s April 10 compliance date, though it’s been widely discussed that Labor will propose a 180-day delay with a 15-day comment period on the plan.<\/p>\n<\/p>\n