Best Interest Contract Prohibited Transaction Exemption | Practical Law

Best Interest Contract Prohibited Transaction Exemption | Practical Law

An Article describing the Department of Labor's (DOL's) best interest contract prohibited transaction exemption (BICE). In 2018, the DOL's final fiduciary investment advice rule, which included BICE, was vacated by the Fifth Circuit Court of Appeals, rendering the final rule invalid. Accordingly, this Article exists to provide background information only.

Best Interest Contract Prohibited Transaction Exemption

Practical Law Article 3-611-6286 (Approx. 28 pages)

Best Interest Contract Prohibited Transaction Exemption

by Practical Law Employee Benefits & Executive Compensation
Law stated as of 25 Jun 2018USA (National/Federal)
An Article describing the Department of Labor's (DOL's) best interest contract prohibited transaction exemption (BICE). In 2018, the DOL's final fiduciary investment advice rule, which included BICE, was vacated by the Fifth Circuit Court of Appeals, rendering the final rule invalid. Accordingly, this Article exists to provide background information only.