Amendment to Prohibited Transaction Class Exemption 84-14 for Transactions Determined by Independent Qualified Professional Asset Managers (the QPAM Exemption)

Document 2024-06059 is a Final Rule published by the Department of Labor in the Federal Register on April 3, 2024, with an effective date of June 17, 2024. This document gives notice of a granted amendment to prohibited transaction class exemption 84-14 (the QPAM Exemption). The QPAM Exemption provides relief from certain prohibited transaction restrictions of Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA) and Title II of ERISA, as codified in the Internal Revenue Code of 1986, as amended (the Code). View the original at https://www.federalregister.gov/documents/2024/04/03/2024-06059/amendment-to-prohibited-transaction-class-exemption-84-14-for-transactions-determined-by-independent.

No. Document 2024-06059 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.