As discussed in our publication dated April 14, 2016, the final Department of Labor fiduciary rule provides for two new prohibited transaction exemptions, the Best Interest Contract Exemption (the “BIC Exemption”) and the Principal Transaction Exemption (the “PT Exemption”). Financial institutions seeking to rely on these exemptions must make detailed disclosures to their retail clients, the Department of Labor and the general public. This publication focuses on these disclosure requirements.