The Labor Department's recently issued request for information will support the agency's ongoing economic and legal analysis of the fiduciary rule, which was ordered by President Trump.
In short, the Trump administration's Labor Department wants additional input from stakeholders regarding "possible additional exemption approaches" and overall changes to the rule.
Regulators also want input as to whether the January 1, 2018 scheduled applicability date for the rule's major prohibited transaction exemptions should be further delayed.
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