[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR2520.103-8]

[Page 393-394]
 
                             TITLE 29--LABOR
 
CHAPTER XXV--PENSION AND WELFARE BENEFITS ADMINISTRATION, DEPARTMENT OF 
                                  LABOR
 
PART 2520--RULES AND REGULATIONS FOR REPORTING AND DISCLOSURE--Table of Contents
 
                  Subpart C--Annual Report Requirements
 
Sec. 2520.103-8  Limitation on scope of accountant's examination.

    (a) General. Under the authority of section 103(a)(3)(C) of the Act, 
the examination and report of an independent qualified public accountant 
need not extend to any statement or information prepared and certified 
by a bank or similar institution or insurance carrier. A plan, trust or 
other entity which meets the requirements of paragraph (b) of this 
section is not required to have covered by the accountant's examination 
or report any of the information described in paragraph (c) of this 
section.
    (b) Application. This section applies to any plan, trust or other 
entity some or all of the assets of which are held by a bank or similar 
institution or insurance carrier which is regulated and supervised and 
subject to periodic examination by a State or Federal agency.
    (c) Excluded information. Any statements or information certified to 
by a bank or similar institution or insurance carrier described in 
paragraph (b)

[[Page 394]]

of this section, provided that the statements or information regarding 
assets so held are prepared and certified to by the bank or insurance 
carrier in accordance with Sec. 2520.103-5.