Prohibited Transaction Class Exemption 75-1, Security Transactions with Broker-Dealers, Reporting Dealers, and Banks

ICR 202202-1210-007

OMB: 1210-0092

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-06-13
ICR Details
1210-0092 202202-1210-007
Received in OIRA 201906-1210-005
DOL/EBSA
Prohibited Transaction Class Exemption 75-1, Security Transactions with Broker-Dealers, Reporting Dealers, and Banks
Extension without change of a currently approved collection   No
Regular 06/28/2022
  Requested Previously Approved
36 Months From Approved 08/31/2022
5,644 6,116
941 1,019
0 0

This class exemption from the prohibited transaction provisions of ERISA permits certain banks, registered broker-dealers, and reporting dealers in government securities who are parties in interest to employee benefit plans to engage in specified kinds of securities transactions with the plans.

US Code: 29 USC 1108(b) Name of Law: Employee Retirement Income Security Act of 1974
  
None

Not associated with rulemaking

  87 FR 15267 03/17/2022
87 FR 38426 06/28/2022
No

1
IC Title Form No. Form Name
Prohibited Transaction Class Exemption 75-1 Security Transactions with Broker-Dealers, Reporting Dealers and Banks

  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 5,644 6,116 0 0 -472 0
Annual Time Burden (Hours) 941 1,019 0 0 -78 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The Department has updated the data inputs used to calculate the number of responses and respondents. The Department has also updated the labor rate.

$0
No
    No
    No
No
No
No
No
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.
06/28/2022


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