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10/30/2006: DOL Finalizes Amendment On Securities Lending Exemption (Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL])
The final exemption revokes and replaces Prohibited Transaction Exemptions 81-6 and 82-63. The exemption is to be published in the Oct. 31, 2006 Federal Register. Excerpt: The updated requirements will permit pension plans to earn additional income by lending securities from their portfolios to a greater universe of permissible borrowers.
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