Class Exemption To Replace PTE 79-1 and PTE 84-46

This document is about a proposed class exemption from the Department of Labor that would replace Prohibited Transaction Exemption (PTE) 79-1 and PTE 84-46. The proposed exemption would provide conditional relief that differs in some respects from the relief provided by the two existing class exemptions. The document discusses the key changes, such as replacing the annual authorization requirement, modifying the reporting requirements, and clarifying the scope of the exemption, including the treatment of agency cross transactions and pooled funds.