2010 Proposed Regulations for Investment Advisors

March 15, 2010
The U.S. Department of Labor (“DOL”) recently proposed new regulations implementing the statutory exemption for providers of investment advice to benefit plan participants and individual retirement accounts, enacted as part of the Pension Protection Act of 2006. These “2010 Proposed Regulations” replace a set of final regulations issued and then withdrawn in 2009. This update examines the proposed regulations, which would take effect 60 days after the publication of the final regulations.