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18316 Federal Register / Vol. 66, No. 67 / Friday, April 6, 2001 / Notices Prohibited Transaction Class Exemption 80 83 (Transactions involving purchase of securities where issuer may use proceeds
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Prohibited transaction class exemption is an exemption issued by the Department of Labor that allows certain transactions that would otherwise be prohibited under ERISA.
Any individual or entity seeking relief from prohibited transaction rules under ERISA may be required to file a prohibited transaction class exemption.
Prohibited transaction class exemption forms can be filled out electronically through the Department of Labor's website or submitted via mail with all required documentation.
The purpose of prohibited transaction class exemption is to provide relief from certain prohibited transactions under ERISA, allowing for flexibility in certain transactions.
Prohibited transaction class exemption forms typically require information about the parties involved, the nature of the transaction, and the reasons for seeking exemption.
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