Rynek pracy · 2/21/2025

Proposed Amendment To Extend the Effective Dates for Prohibited Transaction Exemption (PTE) 2016-10 Involving Royal Bank of Canada (Together With Its Current and Future Affiliates, RBC) Located in Toronto, Canada, and PTE 2016-11 Involving Northern Trust Corporation (Together With Its Current and Future Affiliates, Northern) Located in Chicago, Illinois

The Department of Labor (the Department) is proposing to extend the effective periods of PTEs 2016-10 (granted to RBC) and 2016- 11 (granted to Northern), which currently are scheduled to expire on March 4, 2025, for up to six months if RBC and Northern meet certain conditions. The proposed amendment to PTE 2016-10 is referred to herein as the RBC Proposed QPAM Amendment, and the proposed amendment to PTE 2016-11 is referred to herein as the Northern Proposed QPAM Amendment.