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Labor Department Amends Class Exemption for Qualified Professional Asset Managers (PDF)
Pillsbury Winthrop Shaw Pittman LLPLink to more items from this source
Sept. 13, 2005

5 pages. Excerpt: On August 23, 2005, the Department of Labor ... published final amendments ... to prohibited transaction class exemption ... 84-14, which covers transactions involving employee benefit plans managed by qualified professional asset managers as defined in the exemption ('QPAMs'). The Amendments generally reduce the administrative burdens associated with compliance with the exemption but also raise the standards that QPAMs must meet[.]

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