[Federal Register Volume 82, Number 234 (Thursday, December 7, 2017)]
[Rules and Regulations]
[Page 57664]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26478]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration

29 CFR Part 2550

[Application Number D-11712; D-11713; D-11850]
ZRIN 1210-ZA27


18-Month Extension of Transition Period and Delay of 
Applicability Dates; Best Interest Contract Exemption (PTE 2016-01); 
Class Exemption for Principal Transactions in Certain Assets Between 
Investment Advice Fiduciaries and Employee Benefit Plans and IRAs (PTE 
2016-02); Prohibited Transaction Exemption 84-24 for Certain 
Transactions Involving Insurance Agents and Brokers, Pension 
Consultants, Insurance Companies, and Investment Company Principal 
Underwriters (PTE 84-24); Correction

AGENCY: Employee Benefits Security Administration, Labor.

ACTION: Technical corrections.

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SUMMARY: This document corrects two errors in the preamble of a 
document that appeared in the Federal Register on November 29, 2017.

DATES: Issuance date: The correction is issued December 7, 2017 without 
further action or notice.

FOR FURTHER INFORMATION CONTACT: Brian Shiker or Susan Wilker, (202) 
693-8824, Office of Exemption Determinations, Employee Benefits 
Security Administration.

SUPPLEMENTARY INFORMATION: 

I. Background

    There is a clerical error in footnote 66 in FR Doc. 2017-25760 
(published November 29, 2017 at 82 FR 56545), entitled ``18-Month 
Extension of Transition Period and Delay of Applicability Dates; Best 
Interest Contract Exemption (PTE 2016-01); Class Exemption for 
Principal Transactions in Certain Assets Between Investment Advice 
Fiduciaries and Employee Benefit Plans and IRAs (PTE 2016-02); 
Prohibited Transaction Exemption 84-24 for Certain Transactions 
Involving Insurance Agents and Brokers, Pension Consultants, Insurance 
Companies, and Investment Company Principal Underwriters (PTE 84-24).''
    Footnote 66 is situated in the regulatory impact analysis section 
of the preamble. The textual discussion surrounding footnote 66 focuses 
on regulatory alternatives considered, but rejected by the Department 
of Labor (Department). Footnote 66 identifies certain public commenters 
who support a contingent or tiered delay, two regulatory alternatives 
the Department declined to adopt. Due to a clerical error, the footnote 
also inadvertently includes the names of public commenters who do not 
support a contingent or tiered delay. This document corrects that 
error.
    In addition, there is text missing in the portion of the preamble 
that discusses the Congressional Review Act (CRA). The Department 
inadvertently omitted a discussion of the basis for making the delay 
effective more quickly than the 60-day period generally required by the 
CRA for major rules. This document corrects that error.

II. Correction of Errors

    In FR Doc. 2017-25760 of November 29, 2017 (82 FR 56545), make the 
following preamble corrections:
    1. On page 56557, second column, correct footnote 66 to read ``See, 
e.g., Comment Letter #121 (HSBC North America Holdings Inc.); Comment 
Letter #124 (Morgan, Lewis & Bockius LLP).''
    2. On page 56559, second column, add the following language to the 
end of Congressional Review Act discussion: ``Although the CRA 
generally requires that major rules become effective no sooner than 60 
days after Congress receives the required report, the CRA allows the 
issuing agency to make a rule effective sooner, if the agency makes a 
good cause finding that such public procedure is impracticable, 
unnecessary, or contrary to the public interest. For the same reasons 
underlying the good cause finding in the April Delay Rule, the 
Department has made such a good cause finding for this rule. See 82 FR 
16902, 16915 (April 7, 2017).''

    Signed at Washington, DC, this 5th day of December, 2017.
Jeanne Klinefelter Wilson,
Acting Assistant Secretary, Employee Benefits Security Administration, 
Department of Labor.
[FR Doc. 2017-26478 Filed 12-5-17; 4:15 pm]
BILLING CODE 4510-29-P