Labour market · 31/08/1998

Morgan Stanley & Co. Incorporated and Morgan Stanley Trust Company Receive Individual Exemption to Amend and Replace Prohibited Transaction Exemption 96-14

The U.S. Department of Labor has granted an individual exemption to Morgan Stanley & Co. Incorporated and Morgan Stanley Trust Company, allowing them to amend and replace Prohibited Transaction Exemption 96-14, which permits the lending of securities to affiliated broker-dealers by employee benefit plans. The exemption incorporates the terms of the original exemption, with some modifications, and supersedes the previous exemption, which was published in the Federal Register in 1995.