The federal banking regulators are now continuing to review public comments as they determine whether or not to move forward
with publication of a final rule, and if they do publish the rule, whether the rule will define brokerage and management as financial activities.
Only the OCC has moved its proposal to the implementation stage,
with its publication of a final rule in mid-February.
Not exact matches
One year after the
rule's
publication, in April 2017, the «broader definition
of fiduciary will take effect, but to take advantage
of the BIC exemption, firms will only be required to comply
with more limited conditions, including acknowledging their fiduciary status, adhering to the best interest standard, and making basic disclosures
of conflicts
of interest,» DOL states in a fact sheet released Tuesday detailing some
of the
final rule's changes.
Adhering to the orthodox common law view
of a strict
publication rule, the Hong Kong Court
of Final Appeal parted
with the English approach in Fevaworks.
The
final rule is responsive to feedback gathered from stakeholders during the 60 - day public comment period following the
publication of the Notice
of Proposed Rulemaking (NPRM) in September 2016 and was developed after extensive review and consultation
with the current administration to ensure alignment
with key priorities.