# Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries and Employee Benefit Plans and IRAs
> **Employee Benefits Security Administration** · Adoption of Class Exemption. · Published 2016-04-08 · 81 FR 21089
## Document
- **Document number:** 2016-07926
- **Category:** retirement-erisa
- **Sub-agency:** Employee Benefits Security Administration
- **Federal Register citation:** 81 FR 21089
- **CFR reference:** 29 CFR 2550
- **Publication date:** 2016-04-08
- **DOL docket:** Application Number D-11713
## Abstract

This document contains an exemption from certain prohibited transactions provisions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (the Code). The provisions at issue generally prohibit fiduciaries with respect to employee benefit plans and individual retirement accounts (IRAs) from purchasing and selling investments when the fiduciaries are acting on behalf of their own accounts (principal transactions). The exemption permits principal transactions and riskless principal transactions in certain investments between a plan, plan participant or beneficiary account, or an IRA, and a fiduciary that provides investment advice to the plan or IRA, under conditions to safeguard the interests of these investors. The exemption affects participants and beneficiaries of plans, IRA owners, and fiduciaries with respect to such plans and IRAs.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2016/04/08/2016-07926/class-exemption-for-principal-transactions-in-certain-assets-between-investment-advice-fiduciaries)
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