# Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries and Employee Benefit Plans and IRAs; Correction
> **Employee Benefits Security Administration** · Technical corrections. · Published 2016-07-11 · 81 FR 44784
## Document
- **Document number:** 2016-16354
- **Category:** retirement-erisa
- **Sub-agency:** Employee Benefits Security Administration
- **Federal Register citation:** 81 FR 44784
- **CFR reference:** 29 CFR 2550
- **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
- [Federal Register document](https://www.federalregister.gov/documents/2016/07/11/2016-16354/class-exemption-for-principal-transactions-in-certain-assets-between-investment-advice-fiduciaries)
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