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Secretary of Labor Thomas E. Perez
Proposed Class Exemption for Bank Collective Investment Fund ConversionTransactions [Notices] [11/21/1996]

EBSA (Formerly PWBA) Federal Register Notice

Proposed Class Exemption for Bank Collective Investment Fund Conversion Transactions [Notices] [11/21/1996]

[PDF Version]

Volume 61, Number 226, Page 59244

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DEPARTMENT OF LABOR
Pension and Welfare Benefits Administration
[Exemption Application No. D-09988]

 
Proposed Class Exemption for Bank Collective Investment Fund 
Conversion Transactions

AGENCY: Pension and Welfare Benefits Administration, Department of 
Labor (the Department).

ACTION: Notice of technical correction.

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    On November 13, 1996, the Department published in the Federal 
Register (61 FR 58224) a notice of proposed class exemption (the 
Notice) which would permit an employee benefit plan (the Client Plan) 
to purchase shares of a registered investment company (the Fund), the 
investment adviser for which is a bank (the Bank) that serves as a 
fiduciary of the Client Plan, in exchange for plan assets transferred 
in-kind to the Fund from a collective investment fund maintained by the 
Bank. The Notice was filed on behalf of Federated Investors.
    With respect to the information included in the preamble to the 
Notice, the second column on page 58224 (after the paragraph captioned 
SUMMARY and prior to the paragraph captioned ADDRESSES) should be 
modified to contain the following new paragraph:

``* * *  DATES: Written comments and requests for a public hearing must 
be received by the Department on or before January 13, 1997.''

FOR FURTHER INFORMATION CONTACT: Ms. Jan D. Broady or Mr. E. F. 
Williams, Office of Exemption Determinations, Pension and Welfare 
Benefits Administration, U.S. Department of Labor, Washington, D.C. at 
(202) 219-8881 or 219-8194, respectively, or Ms. Susan E. Rees, Plan 
Benefits Security Division, Office of the Solicitor, U.S. Department of 
Labor, Washington, D.C., at (202) 219-4600, ext. 105. (These are not 
toll-free numbers.)

    Signed at Washington, D.C., this 18th day of November, 1996.
Ivan L. Strasfeld,
Director, Office of Exemption Determinations, Pension and Welfare 
Benefits Administration.
[FR Doc. 96-29778 Filed 11-20-96; 8:45 am]
BILLING CODE 4510-29-P