DOL Issues Field Assistance Bulletin with Enforcement Relief from DOL Fiduciary Rule and Exemption Requirements Pending Rule Delay

Today, the Department of Labor (“DOL”) published on its website a Field Assistance Bulletin (“FAB 2017-01”) addressing notice and compliance issues under the DOL Fiduciary Rule given the uncertainty surrounding the proposed delay of the rule’s Applicability Date.  The FAB will permit financial institutions to avoid sending out notices and client communications prior to April 10, 2017.