Labor Dept Reviews Cross-Trading Exemption for Pensions
Published Date: 1/12/2026
Notice
Summary
The Department of Labor is asking for public feedback on a paperwork update about rules for cross-trading securities in pension plans. This affects investment managers and pension plan fiduciaries who must follow clear policies to keep trades fair and transparent. Comments are open until February 11, 2026, with no new costs expected—just smoother, clearer rules.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Advance Delivery of Cross‑Trading Policies
If a pension plan might join an investment manager's cross‑trading program, the investment manager must provide its written cross‑trading policies and procedures in advance to the plan fiduciary considering the program. This requirement implements the statutory exemption in ERISA section 408(b)(19).
Compliance Officer and Annual Reporting
Investment managers operating a cross‑trading program must designate a compliance officer to periodically review the program and must provide each plan fiduciary an annual report describing the review steps, the level of compliance, and any specific instances of noncompliance. The requirement to issue an annual report to each plan fiduciary is part of the statutory exemption conditions.
No Federal Filing Required
The statutory exemption for cross‑trading does not require any reporting or filing with the Federal government. Investment managers must report to plan fiduciaries, but they are not required to file those reports with a federal agency under this exemption.
Paperwork Burden and Cost Estimates
The Department estimates this information collection affects 265 private‑sector respondents, with 2,385 total responses, an annual time burden of 2,769 hours, and estimated annual other costs of $21,632. DOL seeks Office of Management and Budget authorization for this collection for three (3) years under OMB Control Number 1210-0130.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Related Federal Register Documents
2026-15717, Ventilation Plan Approval Criteria
In response to a public request, the Mine Safety and Health Administration (MSHA) is reopening the rulemaking record and is scheduling a virtual public hearing on the Agency's proposed rule published on July 1, 2025, titled, "Ventilation Plan Approval Criteria."
2026-15670, Roof Control Plan Approval Criteria
In response to a public request, the Mine Safety and Health Administration (MSHA) is reopening the rulemaking record and is scheduling a virtual public hearing on the Agency's proposed rule published on July 1, 2025, titled, "Roof Control Plan Approval Criteria."
2026-15325, Black Lung Benefits Act: Authorization of Self-Insurers
The Department is proposing revisions to regulations under the Black Lung Benefits Act (BLBA or the Act) governing authorization of self-insurers. These rules will determine the process for coal mine operators to apply for authorization to self-insure, the requirements operators must meet to qualify to self-insure, the amount of security self-insured operators must provide, and the types of security accepted for operators to self-insure.
2026-14917, Electronic Disclosure by Group Health Plans Under ERISA
Group health plans can soon share important info online instead of paper, making it easier and cheaper for everyone. If this rule passes, plan administrators must notify members about electronic disclosures but still offer paper copies if requested. This change affects anyone in group health plans under ERISA and aims to save time and money starting after the rule is finalized.
2026-11140, Federal Independent Dispute Resolution Operations
Starting soon, health plans and insurers must share clearer info when they pay or deny surprise medical bills. They’ll use special codes to explain these decisions, especially when dealing with folks they don’t have contracts with. This helps patients and providers understand bills better and speeds up fixing disputes, with no extra costs for most people.
2026-11093, Amending the Medical Evaluation Requirements in the Respiratory Protection Standard for Certain Types of Respirators
OSHA wants to make it easier for workers using certain respirators by removing some medical check-ups for filtering facepiece and loose-fitting powered air-purifying respirators. This change affects workers who wear these masks and could save time and money on medical evaluations. The public can share their thoughts until July 6, 2026, before the rule is finalized.
Previous / Next Documents
Previous: 2026-00289, Proposed Submission of Information Collections for OMB Review; Comment Request; Multiemployer Plan Regulations
The Pension Benefit Guaranty Corporation (PBGC) wants to keep collecting info from multiemployer pension plans and is asking for your thoughts by March 13, 2026. This helps make sure the rules stay clear and fair for the businesses and workers involved. No big cost changes, just a smooth paperwork update to keep things running right!
Next: 2026-00292, 20230930-DK-Butterfly-1, Inc., Complainant v. HMM Company Limited, Respondent; Notice of Filing of Complaint and Assignment
Butterfly-1, Inc. is officially complaining that HMM Company Limited isn’t keeping their shipping promises and is charging unfair fees when Butterfly-1 can’t return containers on time due to no fault of their own. This means HMM has 25 days to respond, and a judge will decide by January 2027, with a final ruling expected by mid-2027. If you’re involved in shipping or contracts, keep an eye on this case—it could shake up how fees and service rules are handled.