Labour market · 23/05/1997

Department of Labor Proposes Amendment to Prohibited Transaction Exemptions (PTEs) for Asset Pool Investment Trusts and Financial Asset Securitization Investment Trusts

The Department of Labor has proposed an amendment to the Underwriter Exemptions, which would provide relief for asset pool investment trusts and financial asset securitization investment trusts, including those with pre-funding accounts and debt instruments representing interests in FASITs, and would take effect retroactively from January 1, 1992.