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
2026-18978, Federal-State Unemployment Compensation (UC) Program; Data Availability
Starting November 16, 2026, Federal officials will get easier access to important unemployment data from States to help catch fraud and keep the system honest. States must update their laws by September 16, 2027, to share this info smoothly. This change helps protect taxpayer money and makes sure unemployment benefits go to the right people.
2026-17622, Federal Independent Dispute Resolution Operations; Correction
This document corrects typographical errors and omissions in the final rule that appeared in the June 4, 2026, Federal Register titled "Federal Independent Dispute Resolution Operations" (referred to hereafter as the "IDR final rule"). The effective date of the IDR final rule was August 3, 2026.
2026-17116, Modifications to the Regulations Implementing the Vietnam Era Veterans' Readjustment Assistance Act of 1974, as Amended
The U.S. Department of Labor publishes this final rule to revise its implementing regulations for the Vietnam Era Veterans' Readjustment Assistance Act of 1974, as amended (VEVRAA). These revisions will align the regulations with Executive Order 14173 and remove the VEVRAA regulations' cross-references to the Executive Order 11246 authority. Executive Order 11246 was revoked by Executive Order 14173 on January 21, 2025. This final rule also makes technical revisions to update the VEVRAA regulations' jurisdictional thresholds, which were adjusted for inflation by the Federal Acquisition Regulation Council on October 1, 2025.
2026-17115, Modifications to the Regulations Implementing Section 503 of the Rehabilitation Act of 1973, as Amended
The U.S. Department of Labor is revising its implementing regulations for Section 503 of the Rehabilitation Act of 1973, as amended (Section 503). The revisions align the regulations with applicable law and recent executive orders, including Executive Order 14173, "Ending Illegal Discrimination and Restoring Merit-Based Opportunity," and Executive Order 14219, "Ensuring Lawful Governance and Implementing the President's `Department of Government Efficiency' Deregulatory Initiative."
2026-17114, Rescission of Executive Order 11246 Implementing Regulations
On January 21, 2025, President Trump issued Executive Order 14173, "Ending Illegal Discrimination and Restoring Merit-Based Opportunity," which revoked Executive Order 11246. Accordingly, the U.S. Department of Labor publishes this final rule to rescind the implementing regulations for Executive Order 11246.
2026-16982, Wagner-Peyser Act Employment Service Staffing
Starting October 19, 2026, States can choose the best way to staff their Wagner-Peyser Employment Services without being forced to use State merit staff. This change helps States save money and work more efficiently while still providing great job help to people. If you work in or run these services, get ready for more flexibility and smarter staffing choices!
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.