Class Exemption for Certain Transactions Involving Purchase of Securities where Issuer May Use Proceeds to Reduce or Retire Indebtedness to Parties in Interest (PTE 1980-83)

ICR 201908-1210-003

OMB: 1210-0064

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2019-11-12
ICR Details
1210-0064 201908-1210-003
Active 201607-1210-001
DOL/EBSA
Class Exemption for Certain Transactions Involving Purchase of Securities where Issuer May Use Proceeds to Reduce or Retire Indebtedness to Parties in Interest (PTE 1980-83)
Extension without change of a currently approved collection   No
Regular
Approved without change 01/06/2020
Retrieve Notice of Action (NOA) 11/22/2019
  Inventory as of this Action Requested Previously Approved
01/31/2023 36 Months From Approved 01/31/2020
25 0 25
15 0 15
0 0 0

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 408(a) Name of Law: Employee Retirement Income Security Act of 1974
  
None

Not associated with rulemaking

  84 FR 11573 03/27/2019
84 FR 64346 11/21/2019
No

1
IC Title Form No. Form Name
Sale of Securities to Reduce Indebtedness of Party in Interest, PTE 80-83

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 25 25 0 0 0 0
Annual Time Burden (Hours) 15 15 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
Uncollected
James Butikofer 202 693-8434 Butikofer.James@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.
11/22/2019


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