Recent regulatory guidance

March 2026

This article provides an overview of recent guidance issued by regulatory agencies. Fidelity is reviewing this guidance and will provide additional updates as information becomes available.

Department of Labor proposed rule: Paper statements

The Department of Labor (DOL) issued a proposed rule regarding the requirement to provide paper statements in certain cases. The proposed rule would make narrow amendments to the electronic disclosure safe harbors as required by Section 338 of the SECURE 2.0.

Notice 2026-13: Safe harbor explanations—Eligible rollover distributions

The Internal Revenue Service (IRS) issued this notice that provides 2 safe harbor explanations that plan administrators may use to satisfy the requirement under Section 402(f) of the Internal Revenue Code to provide certain information to recipients of eligible rollover distributions. One safe harbor explanation is for distributions not from a designated Roth account, and the other safe harbor explanation is for distributions from a designated Roth account.

Announcement 2026-7: Applicability date for required minimum distributions

The IRS released this announcement stating that the Department of the Treasury and the Internal Revenue Service anticipate that certain portions of final regulations relating to required minimum distributions will apply for the distribution calendar year that begins no earlier than 6 months after the date that final regulations are issued.