28 Mar 2025
📝DOL Submits Comment Request on Investment Fund Regulations
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Collective Investment Funds Conversion Transactions, Prohibited Transaction Class Exemption 1997-41
Summary
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Agencies
- Labor Department
Business Impact
$$ - Med
The regulatory text discusses the collection of information related to the Prohibited Transaction Exemption 1997-41, which impacts businesses that manage employee benefit plans. Compliance with the requirements for disclosing mutual fund information could result in increased administrative burdens, highlighting the need for proper planning and potential costs for preparation and submission.