# Procedures Governing the Filing and Processing of Prohibited Transaction Exemption Applications
> **US Department of Labor** · Final rule. · Published 2024-01-24 · Effective 2024-04-08 · 89 FR 4662
## Document
- **Document number:** 2024-00586
- **Category:** other
- **Sub-agency:** US Department of Labor
- **Federal Register citation:** 89 FR 4662
- **CFR reference:** 29 CFR 2570
- **Publication date:** 2024-01-24
- **Effective date:** 2024-04-08
## Abstract

The Department of Labor (the Department) is adopting amendments to its existing procedure governing the filing and processing of applications for administrative exemptions from the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code of 1986 (the Code), and the Federal Employees' Retirement System Act of 1986 (FERSA) (the Amendments). The Secretary of Labor (the Secretary) is authorized to grant exemptions from the prohibited transaction provisions of ERISA, the Code, and FERSA and to establish an exemption procedure to provide for such relief. The Amendments update and supersede the Department's existing prohibited transaction exemption procedures.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2024/01/24/2024-00586/procedures-governing-the-filing-and-processing-of-prohibited-transaction-exemption-applications)
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