Labour market · 24/06/2003

State Street Bank and Trust Company Granted Individual Exemption for Securities Lending Transactions

The Department of Labor has granted State Street Bank and Trust Company an individual exemption to replace the prohibited transaction exemption PTE 97-63, allowing the company to engage in securities lending transactions with employee benefit plans and commingled investment funds, subject to certain conditions.

Source: Federal Register — Department of LaborOpen original release →

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