28 Mar 2025
📊DOL Seeks Comments on Prohibited Transaction Class Exemption
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Prohibited Transaction Class Exemption for Cross-Trades of Securities by Index and Model-Driven Funds (PTCE 2002-12)
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 notice involves compliance regarding information collection tied to the Prohibited Transaction Class Exemption (PTE) 2002-12, impacting businesses that operate pension plans. They must understand and possibly adhere to disclosure and recordkeeping requirements, which could affect operational practices and costs.