As a follow-up to our prior post, the OMB has approved the DOL’s proposal to delay the full applicability date of the exemptions related to the fiduciary rule and shortly thereafter the...
Last Thursday evening, the DOL issued a Request for Information (RFI) on the fiduciary rule and related exemptions. While financial institutions and other service providers to retirement...
As expected, the DOL has officially delayed the applicability date of the fiduciary rule to June 9, 2017 (the rule was originally scheduled to become applicable on April 10, 2017). In a s...
Davis Polk has submitted a comment letter on the SEC’s implementation of the pay ratio rule. We previously summarized the final rule here.
Our comment letter focuses on implementation c...
The DOL’s proposal, published today, seeks to delay the applicability date of the fiduciary rule for 60 days and solicits comments on the rule’s impact on the financial services indus...
Yesterday afternoon, President Trump issued a memorandum directing the DOL to review the fiduciary rule it released last April that expanded the definition of an investment advice fiducia...
With President-elect Donald Trump’s transition underway, speculation has been rife as to the impact of his Administration and a Republican-controlled Congress on a variety of issues, in...
On November 8, 2016, the proxy advisory firm Institutional Shareholder Services Inc. (ISS) released updates to its methodology for making its pay-for-performance evaluations of U.S. publi...
On April 8, 2016 the Department of Labor published controversial final rules significantly expanding the definition of a fiduciary with respect retirement plan accounts for the purposes o...
On March 29, 2016, the District Court of Massachusetts issued a highly controversial opinion in the Sun Capital case, holding that multiple private equity funds managed by Sun Capital wer...
