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| Text of Proposed Changes to P.T. Class Exemption for Qualified Professional Asset Managers (PDF) Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]  [Official Guidance] Aug. 23, 2005 6 pages. "[A]s described in the notice of final amendment to PTE 84-14 contained in this issue of the Federal Register, limited retroactive and transitional relief is provided for financial service entities to act as QPAMS for their own plans. If this proposed amendment is granted, a QPAM may prospectively manage an investment fund containing the assets of its own plan or the plan of an affiliate, to the extent the conditions of the proposal are met." |
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