federal_register: 2016-16355

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2016-16355 Best Interest Contract Exemption; Correction Rule This document makes technical corrections to the Department of Labor's Best Interest Contract Exemption, which was published in the Federal Register on April 8, 2016. The Best Interest Contract Exemption allows certain persons that are fiduciaries under the Employee Retirement Income Security Act of 1974 (ERISA) or the Internal Revenue Code (the Code), or both, by reason of providing investment advice, to receive compensation that may otherwise be prohibited. The corrections in this document fix typographical errors, make minor clarifications to provisions that might otherwise be confusing, and confirm insurers' broad eligibility to rely on the exemption, consistent with the exemption's clearly intended scope and the analysis and data relied upon in the Department's final regulatory impact analysis (RIA). 2016-07-11 2016 7 https://www.federalregister.gov/documents/2016/07/11/2016-16355/best-interest-contract-exemption-correction https://www.govinfo.gov/content/pkg/FR-2016-07-11/pdf/2016-16355.pdf Labor Department; Employee Benefits Security Administration 271,131 This document makes technical corrections to the Department of Labor's Best Interest Contract Exemption, which was published in the Federal Register on April 8, 2016. The Best Interest Contract Exemption allows certain persons that are fiduciaries...  

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