"(6)GUIDANCE AND MODEL NOTICES.-The Secretary shall issue guidance and model notices which meet the requirements of this subsection.

　　"(7)BLACKOUT PERIOD.-For purposes of this subsection-

　　"(A)IN GENERAL.-The term'blackout period'means,in connection with an individual account plan,any period for which any ability of participants or beneficiaries under the plan,which is otherwise available under the terms of such plan,to direct or diversify assets credited to their accounts,to obtain loans from the plan,or to obtain distributions from the plan is temporarily suspended,limited,or restricted,if such suspension,limitation,or restriction is for any period of more than 3 consecutive business days.

　　"(B)EXCLUSIONS.-The term'blackout period'does not include a suspension,limitation,or restriction-

　　"(i)which occurs by reason of the application of the securities laws(as defined in section 3(a)(47)of the Securities Exchange Act of 1934),

　　"(ii)which is a change to the plan which provides for a regularly scheduled suspension,limitation,or restriction which is disclosed to participants or beneficiaries through any summary of material modifications,any materials describing specific investment alternatives under the plan,or any changes thereto,or

　　"(iii)which applies only to 1 or more individuals,each of whom is the participant,an alternate payee (as defined in section 206(d)(3)(K)),or any other beneficiary pursuant to a qualified domestic relations order(as defined in section 206(d)(3)(B)(i)).