# Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights
> **Employee Benefits Security Administration** · Final rule. · Published 2022-12-01 · Effective 2023-01-30 · 87 FR 73822
## Document
- **Document number:** 2022-25783
- **Category:** retirement-erisa
- **Sub-agency:** Employee Benefits Security Administration
- **Federal Register citation:** 87 FR 73822
- **CFR reference:** 29 CFR 2550
- **Publication date:** 2022-12-01
- **Effective date:** 2023-01-30
## Abstract

The Department of Labor (Department) is adopting amendments to the Investment Duties regulation under Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The amendments clarify the application of ERISA's fiduciary duties of prudence and loyalty to selecting investments and investment courses of action, including selecting qualified default investment alternatives, exercising shareholder rights, such as proxy voting, and the use of written proxy voting policies and guidelines. The amendments reverse and modify certain amendments to the Investment Duties regulation adopted in 2020.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2022/12/01/2022-25783/prudence-and-loyalty-in-selecting-plan-investments-and-exercising-shareholder-rights)
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