United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2016_register executive 2018-02-07 article Part V Rules and Regulations D09002ee1c7f655a8 D09002ee1c7f656a3 United States Department of Labor originator org United States Government Agency or Subagency United States Employee Benefits Security Administration originator org United States Government Agency or Subagency This document contains an amendment to PTE 75-1, Part V, a class 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 of employee benefit plans and individual retirement accounts (IRAs), from lending money or otherwise extending credit to the plans and IRAs and receiving compensation in return. PTE 75-1, Part V, permits the extension of credit to a plan or IRA by a broker-dealer in connection with the purchase or sale of securities; however, it originally did not permit the receipt of compensation for an extension of credit by broker-dealers that are fiduciaries with respect to the assets involved in the transaction. This amendment permits investment advice fiduciaries to receive compensation when they extend credit to plans and IRAs to avoid a failed securities transaction. The amendment affects participants and beneficiaries of plans, IRA owners, and fiduciaries with respect to such plans and IRAs. 81 FR 21139 https://www.govinfo.gov/app/details/FR-2016-04-08/2016-07927 2016-07927 fr08ap16-18 4510-29-P Application Number D-11687 https://www.govinfo.gov/app/details/FR-2016-04-08/2016-07927 https://www.govinfo.gov/content/pkg/FR-2016-04-08/html/2016-07927.htm https://www.govinfo.gov/content/pkg/FR-2016-04-08/pdf/2016-07927.pdf 9 p. 21139 21147 81 FR 21139 Title 29 Part 2550 29 CFR Part 2550 Amendment to Prohibited Transaction Exemption (PTE) 75-1, Part V, Exemptions From Prohibitions Respecting Certain Classes of Transactions Involving Employee Benefit Plans and Certain Broker-Dealers, Reporting Dealers and Banks; Federal Register Vol. 81, Issue RULE 2016-07927 V DEPARTMENT OF LABOR Employee Benefits Security Administration Application Number D-11687 4510-29-P 2016-07927 Adoption of amendment to PTE 75-1, Part V.

This document contains an amendment to PTE 75-1, Part V, a class 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 of employee benefit plans and individual retirement accounts (IRAs), from lending money or otherwise extending credit to the plans and IRAs and receiving compensation in return. PTE 75-1, Part V, permits the extension of credit to a plan or IRA by a broker-dealer in connection with the purchase or sale of securities; however, it originally did not permit the receipt of compensation for an extension of credit by broker-dealers that are fiduciaries with respect to the assets involved in the transaction. This amendment permits investment advice fiduciaries to receive compensation when they extend credit to plans and IRAs to avoid a failed securities transaction. The amendment affects participants and beneficiaries of plans, IRA owners, and fiduciaries with respect to such plans and IRAs.

Issuance date: This amendment is issued June 7, 2016. Susan Wilker, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor, (202) 693-8824 (this is not a toll-free number). Amendment to Prohibited Transaction Exemption 751, Part V, Exemptions From Prohibitions Respecting Certain Classes of Transactions Involving Employee Benefit Plans and Certain Broker-Dealers, Reporting Dealers and Banks , http://www.RegInfo.gov www.dol.gov/ebsa Vol. 81, no. 68 Office of the Federal Register, National Archives and Records Administration 2016-04-08 continuing daily deposited born digital 708 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2016-04-08 P0b002ee1985946e9 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr08ap16 https://www.govinfo.gov/app/details/FR-2016-04-08 https://www.govinfo.gov/content/pkg/FR-2016-04-08/pdf/FR-2016-04-08.pdf https://www.govinfo.gov/content/pkg/FR-2016-04-08/xml/FR-2016-04-08.xml fdlp 20523 21221 DGPO 2018-02-07 2024-06-02 FR-2016-04-08 machine generated eng FR FR-2016-04-08 81 68