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Content Last Revised: 8/10/90
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CFR  

Code of Federal Regulations Pertaining to EBSA

Title 29  

Labor

 

Chapter XXV  

Pension and Welfare Benefits Administration, Department of Labor

 

 

Part 2570  

Procedural Regulations Under the Employee Retirement Income Security Act

 

 

 

Subpart B  

Procedures for Filing and Processing Prohibited Transaction Exemption Applications


29 CFR 2570.50 - Revocation or modification of exemptions.

  • Section Number: 2570.50
  • Section Name: Revocation or modification of exemptions.

    (a) If, after an exemption takes effect, changes in circumstances, 
including changes in law or policy, occur which call into question the 
continuing validity of the Department's original conclusions concerning 
the exemption,
the Department may take steps to revoke or modify the exemption.
    (b) Before revoking or modifying an exemption, the Department will 
publish a notice of its proposed action in the Federal Register and 
provide interested persons with an opportunity to comment on the 
proposed revocation or modification. In addition, the Department will 
give the applicant at least 30 days notice in writing of the proposed 
revocation or modification and the reasons therefor and will provide the 
applicant with the opportunity to comment on the revocation or 
modification.
    (c) Ordinarily the revocation or modification of an exemption will 
have prospective effect only.
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