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DOL Proposes to Substitute Creditworthiness Determinations for Credit Ratings in ERISA Prohibited Transaction Class Exemptions (PDF)
Eversheds Sutherland via JDSupra 
[Guidance Overview] June 30, 2013 "[T]he proposal affects six existing class exemptions dealing with financial and investment transactions. DOL proposes to substitute for the credit rating previously specified in the exemption a comparable standard of credit quality to be determined, generally, by a responsible fiduciary for the plan that is engaging in the exempted transaction." MORE >> |
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