Labour market · 08/04/2016

Amendments to Class Exemptions 75-1, 77-4, 80-83, and 83-1

The Employee Retirement Income Security Act of 1974 and the Internal Revenue Code prohibit fiduciaries from self-dealing, but the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code permit fiduciaries to receive compensation for their fiduciary authority in certain investment transactions. Recently, amendments to exemptions 75-1, 77-4, 80-83, and 83-1 require fiduciaries to adhere to uniform Impartial Conduct Standards.