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 2016-07-09 article Rules and Regulations D09002ee1c7f5b201 D09002ee1c7f5b2d0 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 makes technical corrections to the Department of Labor's Best Interest Contract Exemption, which was published in the Federal Register on April 8, 2016. The Best Interest Contract Exemption allows certain persons that are fiduciaries under the Employee Retirement Income Security Act of 1974 (ERISA) or the Internal Revenue Code (the Code), or both, by reason of providing investment advice, to receive compensation that may otherwise be prohibited. The corrections in this document fix typographical errors, make minor clarifications to provisions that might otherwise be confusing, and confirm insurers' broad eligibility to rely on the exemption, consistent with the exemption's clearly intended scope and the analysis and data relied upon in the Department's final regulatory impact analysis (RIA). 81 FR 44773 https://www.govinfo.gov/app/details/FR-2016-07-11/2016-16355 2016-16355 fr11jy16-8 4510-29-P Application No. D-11712 Prohibited Transaction Exemption 2016-01 https://www.govinfo.gov/app/details/FR-2016-07-11/2016-16355 https://www.govinfo.gov/content/pkg/FR-2016-07-11/html/2016-16355.htm https://www.govinfo.gov/content/pkg/FR-2016-07-11/pdf/2016-16355.pdf 12 p. 44773 44784 81 FR 44773 Title 29 Part 2550 29 CFR Part 2550 Best Interest Contract Exemption; Correction; Federal Register Vol. 81, Issue RULE 2016-16355 DEPARTMENT OF LABOR Employee Benefits Security Administration Application No. D-11712 Prohibited Transaction Exemption 2016-01 4510-29-P 2016-16355 Technical corrections.

This document makes technical corrections to the Department of Labor's Best Interest Contract Exemption, which was published in the Federal Register on April 8, 2016. The Best Interest Contract Exemption allows certain persons that are fiduciaries under the Employee Retirement Income Security Act of 1974 (ERISA) or the Internal Revenue Code (the Code), or both, by reason of providing investment advice, to receive compensation that may otherwise be prohibited. The corrections in this document fix typographical errors, make minor clarifications to provisions that might otherwise be confusing, and confirm insurers' broad eligibility to rely on the exemption, consistent with the exemption's clearly intended scope and the analysis and data relied upon in the Department's final regulatory impact analysis (RIA).

Issuance date: These technical corrections are issued July 11, 2016, without further action or notice. Brian Shiker or 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). Prohibited Transaction Exemptions: Best Interest Contract Exemption; Correction , e-BICE@dol.gov http://www.naic.org/store/free/MDL-822.pdf https://www.dol.gov/ebsa/pdf/conflict-of-interest-ria.pdf Vol. 81, no. 132 Office of the Federal Register, National Archives and Records Administration 2016-07-11 continuing daily deposited born digital 230 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2016-07-11 P0b002ee1903785f5 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr11jy16 https://www.govinfo.gov/app/details/FR-2016-07-11 https://www.govinfo.gov/content/pkg/FR-2016-07-11/pdf/FR-2016-07-11.pdf https://www.govinfo.gov/content/pkg/FR-2016-07-11/xml/FR-2016-07-11.xml fdlp 44759 44979 DGPO 2016-07-09 2024-06-01 FR-2016-07-11 machine generated eng FR FR-2016-07-11 81 132