Pension & Benefits News EBSA seeks comments on PT exemptions
Friday, May 31, 2019

EBSA seeks comments on PT exemptions

By Pension and Benefits Editorial Staff

The Employee Benefits Security Administration (EBSA) is soliciting comments on the proposed renewal of information collection requests relating to: (1) PT Class Exemption 75-1, which involves security transactions with broker-dealers, reporting dealers, and banks; (2) PT Exemption 84-24, which allows insurance agents and brokers, and pension consultants to receive sales commissions in connection with purchases, with plan or IRA assets, of insurance or annuity contracts; and (3) PT Exemption 86-128, which permits persons who serve as fiduciaries for employee benefit plans and IRAs to effect or execute securities transactions for the plans and IRAs.

Written comments, which must be submitted on or before June 4, 2019, should be directed to G. Christopher Cosby, Department of Labor, Employee Benefits Security Administration, 200 Constitution Avenue, NW., Room N-5718, Washington, DC 20210; Email: [email protected]; Telephone: (202) 693-8410; Fax: (202) 219-4745. These are not toll-free numbers.

SOURCE: 84 FR 13719, April 5, 2019.

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