Prohibited Transaction Class Exemption 1998-54 Relating to Certain Employee Benefit Plan Foreign Exchange Transactions Executed Pursuant to Standing Instructions

ICR 202007-1210-003

OMB: 1210-0111

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-12-07
Supplementary Document
2020-11-24
Supplementary Document
2020-11-24
Supplementary Document
2020-11-24
Supporting Statement A
2020-09-22
ICR Details
1210-0111 202007-1210-003
Received in OIRA 201707-1210-001
DOL/EBSA
Prohibited Transaction Class Exemption 1998-54 Relating to Certain Employee Benefit Plan Foreign Exchange Transactions Executed Pursuant to Standing Instructions
Extension without change of a currently approved collection   No
Regular 12/07/2020
  Requested Previously Approved
36 Months From Approved 01/31/2021
420,000 420,000
4,200 4,200
0 0

Prohibited Transaction Exemption 98-54 permits certain foreign exchange transactions between employee benefit plans and certain banks and broker-dealers which are parties in interest with respect to such plans, pursuant to standing instructions.

US Code: 26 USC 4975(c)(2) Name of Law: Internal Revenue Code of 1986
   US Code: 29 USC 1108(a) Name of Law: Employee Retirement Income Security Act of 1974
  
None

Not associated with rulemaking

  85 FR 23856 04/29/2020
85 FR 78872 12/07/2020
No

  Total Request 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 420,000 420,000 0 0 0 0
Annual Time Burden (Hours) 4,200 4,200 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
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.
12/07/2020


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