ComplianceMarch 28, 2011

Fiduciary Definition Comment Period Set to Close April 12

Federal regulators announced that the deadline for public comment about whether the term “fiduciary” should be expanded has been set for April 12, 2011.

Reported by PLANADVISER staff

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) previously announced that comment period would close 15 days after it posted the transcripts of the March 1-2 fact-gathering sessions online (see “EBSA Extends Comment Period for Fiduciary Definition Change“).

The transcript from March 1 is at http://www.dol.gov/ebsa/pdf/1210-AB32-HearingTranscript1.pdf.

The transcript from March 2 is at http://www.dol.gov/ebsa/pdf/1210-AB32-HearingTranscript2.pdf.

Comments can be submitted electronically to e-ORI@dol.gov with subject line: Public Hearing on Definition of Fiduciary, or on paper to EBSA’s Office of Regulations and Interpretations, Attn: Public Hearing on Definition of Fiduciary, Room N-5655, U.S. Department of Labor, 200 Constitution Ave. NW, Washington, DC, 20210.