"If granted, the proposed exemption would permit cross-trades of securities among Index and Model-Driven Funds managed by investment managers and among such Funds and certain large accounts to which such investment managers act as a 'trading adviser' in connection with a specific portfolio restructuring program. The proposed exemption, if granted, would affect participants and beneficiaries of employee benefit plans whose assets are invested in Index or Model-Driven Funds, large pension plans involved in portfolio restructuring programs, as well as the Funds and the investment managers."  MORE >>