29 May 2025
📊DOL Notice on Securities Lending Compliance Requirements
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Securities Lending by Employee Benefit Plans, Prohibited Transaction Exemption 2006-16
Summary
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.
Agencies
- Labor Department
Business Impact
$$ - Med
The regulatory notice outlines compliance requirements related to securities lending by employee benefit plans, emphasizing that firms must provide financial statements and adhere to specific conditions when engaging in such activities. This impacts business owners in finance and investment sectors who must ensure compliance with these regulations to avoid penalties.