10 pages. Excerpt: This [regulation] implements the content requirements for the written cross-trading policies and procedures required under section 408(b)(19)(H) of [ERISA]. Section 611(g) of the Pension Protection Act of 2006 ... amended section 408(b) of ERISA by adding a new subsection (19) that exempts the purchase and sale of a security between a plan and any other account managed by the same investment manager if certain conditions are satisfied. Among other requirements, section 408(b)(19)(H) stipulates that the investment manager must adopt, and effect cross-trades in accordance with, written cross-trading policies and procedures that are fair and equitable to all accounts participating in the crosstrading program.... [The DOL] has determined to make the final regulation effective 120 days after [October 7, 2008].

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