EBSA Expects to Finalize Voluntary Correction Update in ‘Next Few Months’
Ali Khawar, of the Employee Benefit Security Administration, indicated that the agency may be set to finalize amendments to the...
Tag: VFCP
Assistant Secretary Gomez Explains Upcoming EBSA Priorities
Effective disclosure, SECURE 2.0 and ESG are at the top of EBSA’s short-term agenda, according to EBSA Head Lisa Gomez.
Rules for Sponsor Self-Correction Broadened by Both SECURE 2.0 and DOL Proposal
The DOL made a proposal to expand the VFCP in November 2022, and SECURE 2.0 also made changes to IRS...
Democrat Support for SEC’s Scope 3 Climate Disclosure Weakens
Compliance costs for Scope 3 climate disclosures could be high, but they don’t apply to everyone.
New DOL Proposal Would Allow Fiduciaries to Self-Correct Certain Errors
If certain conditions are met, the proposal would allow fiduciaries to correct mistakes themselves without incurring a civil penalty.