Uncle Sam Publishes To-Do Lists

Another federal agency, the Employee Benefits Security Administration, the U.S. Labor Department arm that regulates employee benefit plans, is developing an amendment to the rules that determine when employee contributions to a plan become plan assets.

EBSA also is working on a regulation that would govern annuity provider selection for retirement plans and a prohibited transaction exemption for efforts to provide investment advice for retirement plan members.

EBSA hopes to publish a "notice of proposed rule-making" for the investment advice regulation in September.

The semiannual regulatory agenda for EBSA and other Labor Department agencies is on the Web '>Document Link

The U.S. Securities and Exchange Commission has posted its semiannual regulatory agenda

One SEC effort that could affect life insurers' asset-management affiliates is a change in the rules governing "funds of funds," or investment companies that invest in funds managed by other investment companies.