Following a presidential memorandum directing the U.S. Department of Labor to re-examine the ERISA Fiduciary Rule, the DOL recently extended the Fiduciary Rule's primary applicability date to June 9, 2017. (Full compliance with the so-called “Best Interest Contract Exemption” is not required until January 1, 2018.) Please see our previous Client Memorandum, “U.S. DOL Releases Final ERISA Fiduciary Rule,” for further background regarding the elements of the rule. Please also see the Department of Labor's website, which contains a number of helpful resources on the topic, including the Fiduciary Rule, relevant fact sheets and FAQs.