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Commentary by Nihal Patel

Twelve Democratic Senators urged the SEC to re-issue a new anti-corruption rule to implementing provisions of the Dodd-Frank Act "consistent with both Congressional intent and the extractive industry transparency laws in effect in thirty other countries."

The Department of Labor issued a final rule delaying the applicability date of the DOL’s rule defining who is a fiduciary under ERISA and Section 4975 of the Internal Revenue Code in connection with the provision of investment advice and certain related prohibited transaction exemptions (including the Best Interest Contract Exemption and the Principal Transaction Exemption) by 60 days.