Regulacje i polityka gospodarcza · 14/09/2004

DOL Proposes Amendment to PTE 84-24 for Certain Insurance and Investment Transactions

The Department of Labor is proposing an amendment to the Prohibited Transaction Exemption 84-24, which would expand relief for certain transactions involving insurance agents, brokers, pension consultants, insurance companies, investment companies, and investment company principal underwriters, allowing for the purchase of investment company securities or insurance contracts and the receipt of sales commissions without plan trustee investment discretion.