# 2026-00291: Labor Dept Reviews Cross-Trading Exemption for Pensions

2026-00291, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Statutory Exemption for Cross-Trading of Securities, is a Federal Register notice from Labor Department published 2026-01-12, effective The OMB will consider all written comments that the agency receives on or before February 11, 2026. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2026-00291
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-00291
- Title: Agency Information Collection Activities; Submission for OMB Review; Comment Request; Statutory Exemption for Cross-Trading of Securities
- Type: Notice
- Agencies: Labor Department
- Citation: 91 FR 1200
- Published: 2026-01-12
- Effective: The OMB will consider all written comments that the agency receives on or before February 11, 2026.
- Comments close: 2026-02-11
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Labor Dept Reviews Cross-Trading Exemption for Pensions

## 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.

## Abstract

The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.

## Effects PRIA read

- Advance Delivery of Cross‑Trading Policies: benefit, low. 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: cost, low. 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 is…
- No Federal Filing Required: benefit, low. 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: cost, low. 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…

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## Sources
- [2026-00291 on federalregister.gov](https://www.federalregister.gov/documents/2026/01/12/2026-00291/agency-information-collection-activities-submission-for-omb-review-comment-request-statutory)
- [2026-00291 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-01-12/pdf/2026-00291.pdf)

## Related
- [Previous: 2026-00289, Proposed Submission of Information Collections for OMB Review; Comment Request;…](https://policyrisk.com/federal-register/2026-00289)
- [Next: 2026-00292, 20230930-DK-Butterfly-1, Inc., Complainant v. HMM Company Limited, Respondent;…](https://policyrisk.com/federal-register/2026-00292)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-00291 (as of 2026-06-08).