The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) announced it will hold a public hearing August 10, 11, and 12, and continuing through August 13 (if necessary) to consider issues attendant to adopting a regulation concerning its proposed conflict of interest rule and related proposed prohibited transaction exemptions.
Almost immediately after the proposal was issued, industry groups called for an extension of the comment period. Last month, the DOL informally announced a 15-day extension.
The current notice formally extends the comment period deadline from July 6 to July 21.
Text of the notice is here.