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
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1210-0111 can be found here:
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
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.