Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Regulation and Compliance > Federal Regulation

EBSA Schedules Fiduciary Definition Hearing

X
Your article was successfully shared with the contacts you provided.

The Employee Benefits Security Administration (EBSA) will hold a hearing on a proposed changed in the definition of the term “fiduciary” March 1 in Washington.

EBSA, an arm of the U.S. Department of Labor, says it could make the hearing continue on March 2 if enough members of the public want to speak.

EBSA published a proposed fiduciary definition rule in the Federal Register Oct. 22.

“The department expects to issue a formal notice with details on the public hearing and the submission of requests to testify in early January 2011,” officials say. “The department will not consider requests to testify in advance of the publication of the formal notice in the Federal Register.”

Origianlly, EBSA had planned to end the comment period for the proposed regulations Jan. 20, 2011, but it now has decided to extend the comment period until Feb. 3, 2011, officials say.

- Allison Bell


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.