As we previously reported, the Department of Labor (DOL) recently proposed amendments to Prohibited Transaction Class Exemption 84-14 ("PTE 84-14"), a longstanding exemption governing financial institutions acting as qualified professional asset managers (or QPAMs) for IRAs or...
IRS Notice 2022-33 announces a much-needed extension of the deadlines for amending retirement plans and IRAs to reflect provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), section 104 of the Bipartisan American Miners Act of 2019 (Miners...
The staff of the Securities and Exchange Commission recently issued a Staff Bulletin providing guidance on the application of standards of conduct relevant to broker-dealers and investment advisers in identifying and addressing conflicts of interest.
The Department of Labor's Employee Benefits Security Administration (EBSA) has released proposed amendments to Prohibited Transaction Class Exemption 84-14 ("PTE 84-14"), a longstanding exemption governing financial institutions acting as qualified professional asset managers (or...
On 24 June 2022, the Chinese Securities Regulatory Commission (CSRC) released for public consultation the Interim Provisions on the Management of Publicly Offered Securities Investment Funds for Private Pension Investments (Draft for Comments) ("Draft Provisions").
In recent weeks, the US Senate Committee on Health, Education, Labor and Pensions (HELP) and the US Senate Committee on Finance each approved bills that would make several improvements to the retirement system.
The Department of Labor (DOL) and the Treasury Department and Internal Revenue Service (IRS) recently issued their updated Spring 2022 Semi-Annual Regulatory Agendas (Agendas), which include projected dates for issuance of proposed and final regulations.
Notice 2022-21 invited public comment on recommendations for Treasury's 2022-2023 Priority Guidance Plan. ICI submitted the attached letter largely based on prior recommendations except for an addition regarding the active trade or business requirement under Section 355 of the...
ICI submitted the attached letter requesting that the Treasury Department and Internal Revenue Service include guidance on certain issues concerning retirement security on their 2022-2023 Priority Guidance Plan.
On May 31, 2022, the Institute sent the attached comment letter to the Department of Labor (DOL) in response to its proposed amendments to the procedures governing the filing and processing of prohibited transaction exemption (PTE) applications.
