This Class Exemption exempts from the
prohibited transaction provisions of ERISA certain transactions
involving an employee benefit plan's purchase of securities that
may aid the issuer of the securities, who is a party in interest to
the plan, in reducing or retiring its indebtedness to a third
party.
US Code:
29
USC 406 Name of Law: Employee Retirement Income Security Act of
1974
US Code: 29
USC 408(a) Name of Law: Employee Retirement Income Security Act
of 1974
Christopher Cosby 202-693-8425
cosby.chris@dol.gov
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.