← American Bankers Association
EBSARulemakingEBSA-2020-0008

Fiduciary Duties Regarding Proxy Voting and Shareholder Rights

RIN
—
Last modified
Jun 11, 2021
Comment window
closed 2122d ago
American Bankers Association filings
2

Activity

American Bankers Association filed 2 comments on this docket between Oct 7, 2020 and Oct 7, 2020. 73 other organizations filed here. The comment window closed 2122d ago.

What American Bankers Association filed (2)

Oct 7, 2020· Comment 0037 American Bankers Association; American Council of Life Insurers; Defined Contribution Institutional Investment Association; Insured Retirement Institute; Investment Adviser Association; Investment Company Institute; Securities Industry and Financial Markets Association; SPARK Institute 09252020· EBSA-2020-0008-0037

Please see the attached letter submitted on behalf of the American Bankers Association, the American Council of Life Insurers, the Defined Contribution Institutional Investment Association, the Insured Retirement Institute, the Investment Adviser Association, the Investment Company Institute, the Securities Industry and Financial Markets Association, and the SPARK Institute.

View on regulations.gov →
Oct 7, 2020· Comment 0205 American Bankers Association Keehan 10052020· EBSA-2020-0008-0217

Please see the attached comment letter from the American Bankers Association responding to the Department of Labor's proposal, "Fiduciary Duties Regarding Proxy Voting and Shareholder Rights."

View on regulations.gov →

Abstract

The Department of Labor (Department) is proposing to amend the ‘‘Investment duties’’ regulation issued in 1979 to address the application of the prudence and exclusive purpose duties under the Employee Retirement Income Security Act of 1974 (ERISA) to the exercise of shareholder rights, including proxy voting, the use of written proxy voting policies and guidelines, and the selection and monitoring of proxy advisory firms. This document also states that Interpretive Bulletin 2016–01 no longer represents the view of the Department regarding the proper interpretation of ERISA with respect to the exercise of shareholder rights by fiduciaries of ERISA-covered plans, and notes that it will be removed from the Code of Federal Regulations when a final rule is adopted.

View on regulations.gov →

Co-filers (73)

See everyone who commented →