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Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries and Employee Benefit Plans and IRAs; Correction

retirement-erisa · Employee Benefits Security Administration · Published 2016-07-11 · 81 FR 44784

Document

Document number
2016-16354
Federal Register citation
81 FR 44784
CFR reference
29 CFR 2550
Type
Rule
Action
Technical corrections.
Category
retirement-erisa
Sub-agency
Employee Benefits Security Administration
Publication date
2016-07-11
DOL docket
Application No. D-11713

Abstract

This document makes technical corrections to the Department of Labor's Class Exemption for Principal Transactions in Certain Assets between Investment Advice Fiduciaries and Employee Benefit Plans and IRAs (Principal Transactions Exemption), which was published in the Federal Register on April 8, 2016. The Principal Transactions 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 corrections either fix typographical errors or make minor clarifications to provisions that might otherwise be confusing.

Source

Authoritative
Federal Register document
Machine
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