Home / Agencies / DOL / 2024-08066
Final Rule

Amendment to Prohibited Transaction Exemption 2020-02

Agency
DOL
Document Number
2024-08066
Published
April 25, 2024
Effective Date
September 23, 2024

Abstract

This document contains a notice of amendment to class prohibited transaction exemption (PTE) 2020-02, which provides relief for investment advice fiduciaries to receive certain compensation that otherwise would be prohibited. The amendment affects participants and beneficiaries of employee benefit plans, individual retirement account (IRA) owners, and fiduciaries with respect to such plans and IRAs.

Federal Register Source

This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.

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Frequently Asked Questions

What is the 2024-08066 Federal Register document?
Document 2024-08066 is a Final Rule published by the Department of Labor in the Federal Register on April 25, 2024, with an effective date of September 23, 2024. This document contains a notice of amendment to class prohibited transaction exemption (PTE) 2020-02, which provides relief for investment advice fiduciaries to receive certain compensation that otherwise would be prohibited. The amendment affects participants and beneficiaries of employee benefit plans, individual retirement account (IRA) owners, and fiduciaries with respect to such plans and IRAs. View the original at https://www.federalregister.gov/documents/2024/04/25/2024-08066/amendment-to-prohibited-transaction-exemption-2020-02.
Is document 2024-08066 an economically significant rule?
No. Document 2024-08066 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.

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