Prohibited Transaction Exemption
86-128 (as amended) permits persons who serve as fiduciaries for
employee benefit plans to effect or execute securities transactions
on behalf of employee benefit plans.
US Code:
29
USC 1108 Name of Law: Employee Retirement Income Security Act
of 1974
This analysis updates wage
rates, postage rates, electronic disclosure rates, and counts of
plans with broker-dealer relationships, which are the likeliest
users of the exemption and the recipients of the disclosures. It
also includes the burden resulting from the expansion of the
exemption’s conditions to include managed non-ERISA plans and IRAs,
as well as the new recordkeeping requirement.
$0
No
No
No
No
No
Uncollected
Chris Cosby 202
693-8540
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.