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ABA
Joint Committee on Employee Benefits
The Sections of Business Law, Health Law, Labor and Employment
Law,
Real Property, Probate and Trust Law, Taxation and Tort Trial
and Insurance Practice
and The American College of Employee Benefits Counsel Present
Sarbanes-Oxley: DOL and
SEC
Blackout Rules
A 90-minute Teleconference / Live Audio
Webcast
Thursday, February
20, 2003
1:00-2:30 pm ET / 12:00-1:30 pm CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT
This program has
already taken place.
Audiotapes are available for $150.
For ordering information, contact Nancy Matthews at matthewsn@staff.abanet.org
or (202) 662-8640.
Ref. #JCEBT030220DBRA
The Sarbanes-Oxley Act requires individual
account retirement plans to provide advance notice of most
blackouts after January 26, 2003 that restrict participants'
investment and distribution rights. In addition, if a plan
sponsored by a public company imposes such a blackout, the
company's directors and executive officers are restricted
from trading company securities during the plan blackout.
This teleconference will review both the interim final regulations
issued by the U.S. Department of Labor implementing the blackout
notice rules and the final blackout trading restrictions issued
by the Securities Exchange Commission.
Topics Include:
- What must be included in a blackout notice from
a Plan?
- When and how must a plan provide a blackout notice?
- When is a suspension not treated as a "blackout
period" for which advance notice is required?
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- Who is subject to the securities blackout trading
restriction?
- To what securities does the blackout trading restriction
apply?
- What categories of transactions are exempt from
the blackout trading restriction?
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Moderator
Carol A. Weiser, Sutherland Asbill & Brennan LLP,
Washington, DC
Speakers
Mark A. Borges, Division of Corporation Finance, Securities
Exchange Commission, Washington, DC
Janet A. Walters, Office of Regulations and Interpretations,
Pension and Welfare Benefits Administration, U.S. Department
of Labor, Washington, DC
James R. Raborn, Baker Botts LLP, Houston, TX
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