Retirement Security Rule: Definition of an Investment Advice Fiduciary: Notice of Court Vacatur
This document implements the judicial vacatur of the Department's 2024 final rule defining who is a "fiduciary" under the Employee Retirement Income Security Act of 1974. This document also reflects the judicial vacatur of the Department's 2024 amendments to Prohibited Transaction Exemption 2020-02 (PTE 2020-02) and the judicial vacatur of portions of the preamble to PTE 2020-02; and republishes in full the operative text of PTE 2020-02 (as originally published on December 18, 2020).
What this item does
The short version, using the agency's own summary text.
This document implements the judicial vacatur of the Department's 2024 final rule defining who is a "fiduciary" under the Employee Retirement Income Security Act of 1974. This document also reflects the judicial vacatur of the Department's 2024 amendments to Prohibited Transaction Exemption 2020-02 (PTE 2020-02) and the judicial vacatur of portions of the preamble to PTE 2020-02; and republishes in full the operative text of PTE 2020-02 (as originally published on December 18, 2020).
Final rule; technical amendment.
Important dates
The dates that matter most for this item.
Published
March 20, 2026
Starts
April 20, 2026
Who published it
The agencies listed in the official filing.
Federal rulebook sections mentioned
These are the parts of the Code of Federal Regulations cited in the filing.