In April 2016, the Department of Labor (DOL) released its final rule regarding financial and fiduciary disclosures. Many firms are in the early stages of assessing the rule’s impact, sorting through legal interpretations, and preparing for regulatory compliance.
The Impact of Department of Labour Fiduciary RuleDOL has a potentially far-reaching effect on businesses, compliances, technology and operations. The impact on disclosure requirements is significantly enhanced.
Who will be affected?Businesses and individuals who provide investment advice and sell investment products and services that are associated with employee benefit plans and retirement accounts. The bulk of the impact not only falls on financial advisers and investment representatives but also on plan sponsors, funds, and producers.
Key Takeaways of Get Compliant and Stay Compliant with Department of Labor (DOL) “Final Rule” Fiduciary Regulations Whitepaper are:
- Satisfy compliance requirements by enabling you to automate disclosures with a tamper-proof audit trail.
- Delight your customers by providing a greatly improved user experience compared to paper-based document transactions.
- Meet critical deadlines with rapid implementation using DocuSign’s SaaS-based solution.