By Pension and Benefits Editorial Staff
The Department of Labor is submitting the Employee Benefits Security Administration (EBSA) sponsored information collection request concerning recordkeeping requirements connected with a statutory exemption for the cross-trading of securities, to the Office of Management and Budget for review and approval, without change. The exemption allows cross-trading transactions involving the purchase and sale of a security between an account holding assets of a pension plan and any other account managed by the same investment manager, provided that certain conditions are satisfied. The recordkeeping requirement for this exemption is an information collection. The DOL seeks an extension for three more years. Public comments are invited.
Comments should be submitted by December 23, 2019, and should be sent to the Office of Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL-EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW., Washington, DC 20503, fax: 202-395-5806 (this is not a toll-free number), or e-mail: [email protected].
Source: 84 FR 64342.
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