Proposed Exemption From Certain Prohibited Transaction Restrictions Involving Northern Trust Corporation (Together With its Current and Future Affiliates, Northern or the Applicant) Located in Chicago, IL

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 2025_register executive 2025-01-21 article Proposed Exemption From Certain Prohibited Transaction Restrictions Involving Northern Trust Corporation (Together With its Current and Future Affiliates, Northern or the Applicant) Located in Chicago, IL Notices D09002ee1cf5fe3d7 D09002ee1cf5fe454 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 provides notice of the pendency before the Department of Labor (the Department) of a proposed individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code). The proposed exemption would allow certain entities with specified relationships to Northern Trust Fiduciary Services (Guernsey) Limited (NTFS) (hereinafter, the Northern QPAMs, as further defined in section I(e) of the operative language) to rely on the exemptive relief provided by Prohibited Transaction Class Exemption 84-14 (PTE 84-14 or the QPAM Exemption), notwithstanding the judgment of conviction (the Conviction) against NTFS for aiding and abetting tax fraud entered in France in the Paris Court of Appeal, French Special Prosecutor No. 1120392066, French Investigative Judge No. JIRSIF/11/12. 90 FR 7174 https://www.govinfo.gov/app/details/FR-2025-01-21/2025-01244 2025-01244 fr21ja25-84 4510-29-P Exemption Application No. D-12101 https://www.govinfo.gov/app/details/FR-2025-01-21/2025-01244 https://www.govinfo.gov/content/pkg/FR-2025-01-21/html/2025-01244.htm https://www.govinfo.gov/content/pkg/FR-2025-01-21/pdf/2025-01244.pdf 17 p. 7174 7190 90 FR 7174 Proposed Exemption From Certain Prohibited Transaction Restrictions Involving Northern Trust Corporation (Together With its Current and Future Affiliates, Northern or the Applicant) Located in Chicago, IL; Federal Register Vol. 90, Issue NOTICE 2025-01244 DEPARTMENT OF LABOR Employee Benefits Security Administration 2025-03-05 Exemption Application No. D-12101 4510-29-P 2025-01244 Notice of proposed exemption.

This document provides notice of the pendency before the Department of Labor (the Department) of a proposed individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code). The proposed exemption would allow certain entities with specified relationships to Northern Trust Fiduciary Services (Guernsey) Limited (NTFS) (hereinafter, the Northern QPAMs, as further defined in section I(e) of the operative language) to rely on the exemptive relief provided by Prohibited Transaction Class Exemption 84-14 (PTE 84-14 or the QPAM Exemption), notwithstanding the judgment of conviction (the Conviction) against NTFS for aiding and abetting tax fraud entered in France in the Paris Court of Appeal, French Special Prosecutor No. 1120392066, French Investigative Judge No. JIRSIF/11/12.

Exemption date: This proposed exemption would be in effect for a period of five years beginning on March 5, 2025, and ending on March 4, 2030 (the Exemption Period). Anna Mpras Vaughan of the Department, telephone (202) 693-8565. (This is not a toll-free number.) Exemption Certain Prohibited Transaction Restrictions Involving Northern Trust Corp. (Together with its Current and Future Affiliates), Located in Chicago, IL, e-OED@dol.gov https://www.oanda.com/currency-converter/en/ https://www.regulations.gov Federal Register Vol. 90, no. 12 Office of the Federal Register, National Archives and Records Administration 2025-01-21 continuing daily deposited born digital 884 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2025-01-21 P0b002ee1cf5fc18b 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr21ja25 https://www.govinfo.gov/app/details/FR-2025-01-21 https://www.govinfo.gov/content/pkg/FR-2025-01-21/pdf/FR-2025-01-21.pdf https://www.govinfo.gov/content/pkg/FR-2025-01-21/xml/FR-2025-01-21.xml fdlp 6777 7648 DGPO 2025-01-21 2025-01-21 FR-2025-01-21 machine generated eng FR FR-2025-01-21 90 12