DOL renews memorandum of understanding with SEC on sharing retirement and investment information

The Labor Department has renewed a memorandum of understanding with the Securities and Exchange Commission (SEC) on sharing information on retirement and investment matters. The memorandum was signed by Secretary of Labor Tom Perez and SEC Chair Mary Jo White. The memorandum was originally established in 2008.

The memorandum sets forth a process for the Department’s Employee Benefits Security Administration (EBSA) and SEC staffs to share information and meet regularly to discuss topics of mutual interest. The memorandum also will facilitate the sharing of non-public information regarding subjects of mutual interest between the two agencies. Additionally, both agencies will cross-train staff with the goal of enhancing each agency’s understanding of the other’s mission and investigative jurisdiction.

Source: Department of Labor News Release No. 13-1518-NAT, July 31, 2013.

For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer’s Benefits Reports.

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