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FACC Supports Temporary Enforcement Policy Extension

FACC submits letter to DOL reinforcing its support for the request being made by financial services industry trade organizations that the Department of Labor (DOL) extend the temporary enforcement policy as provided for in Field Assistance Bulletin (FAB) 2018-02 which is presently scheduled to expire on December 20, 2021.

FACC adds a separate request that DOL ultimately allow the current rules and PTEs to go into effect without further substantive change in order to give industry a chance to operate under these new rules without distraction or burden of dealing with constantly changing rules and requirements.  

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