Prior exemptions may not reflect current policies or procedures. The Department, for example, may require terms and conditions that were not required in prior exemptions. Persons considering filing for an exemption or EXPRO authorization may find it very helpful to discuss the facts or issues in their cases with the Department before preparing the filing. The Department welcomes all inquiries and is available to answer any questions you may have. Call us at 202-693-8540.

Grant Notices

PTE 2021-01; D-12018

G: 86 FR 20410 (4/19/21)
P: 86 FR 9376 (02/12/21)

DWS Investment Management Americas, Inc. (DIMA) and Certain Current and Future Asset Management Affiliates of Deutsche Bank AG (Each a DB QPAM)

Permits certain qualified professional asset managers within the corporate family of Deutsche Bank AG, including DIMA and certain current and future DB QPAMs, to continue to rely upon relief provided by Prohibited Transaction Exemption 84-14 (the QPAM Class Exemption), for up to three years, beginning on April 18, 2021, notwithstanding the 2017 criminal conviction of DB Group Services (UK) Limited.

PTE 2021-02; D-12030

G:  86 FR 28896 (05/28/21)
P:   86 FR 131 (01/04/21)

The Goldman Sachs Group, Inc. (Goldman Sachs)

Permits certain qualified professional asset managers that are within the corporate family of Goldman Sachs (the Goldman Sachs Affiliated QPAMs and the Goldman Sachs Related QPAMs), as defined in the exemption, to continue to rely upon relief provided by Prohibited Transaction Exemption 84-14 for a period of up to five years, notwithstanding the judgment of conviction against Goldman Sachs (Malaysia) Sdn. Bhd. (Goldman Sachs Malaysia), an indirect, wholly owned subsidiary of Goldman Sachs, for conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act of 1977. This exemption is effective for a period of five years beginning on the date a judgment of conviction against Goldman Sachs Malaysia Sdn. Bhd., in Cr. No. 20-438 (MKB), is entered in the United States District Court for the Eastern District of New York.

PTE 2021-03; L-12000 & L-12001

G:  86 FR 34054 (06/28/21)
P:  86 FR 15258 (03/22/21)

Electrical Insurance Trustees Insurance Fund (the EIT Fund) and the Electrical Joint Apprenticeship and Training Trust (the EJAT Trust; together, the Plans)

Permits: (a) the sale by the EJAT Trust of 5.11 acres of unimproved real property (the Property) to the EIT Fund, a party in interest with respect to the EJAT Trust; and (b) the EIT Fund’s granting of a right of first offer to the EJAT Trust, for the purchase back of the Property by the EJAT Trust from the EIT Fund.

Proposed Exemptions

Phillips 66 Company (Phillips 66)

L-12008

P:  86 FR 52210 (09/20/21)


If granted, this proposed exemption would permit the reinsurance of risks and the receipt of premiums therefrom by Spirit Insurance Company, an affiliate of Phillips 66, in connection with insurance contracts sold by Zurich Life Insurance Company, or any successor fronting insurer meeting the requirements of this proposed exemption, to provide life insurance, travel assistance, occupational accidental death, and accidental death and dismemberment benefits to participants in the Phillips 66 Group Life Insurance Plan (the Plan) provided certain conditions are met.  If the proposed exemption is granted, plan participants would receive certain enhanced Plan benefits.

Comcast Corporation (Comcast)

L-12021

P:  86 FR 52217 (09/20/21)

If granted, this proposed exemption would permit the reinsurance of risks and the receipt of premiums therefrom by One Belmont Insurance Company, an affiliate of Comcast, in connection with insurance contracts sold by Prudential Insurance Company, or any successor fronting insurer meeting the requirements of this proposed exemption, to provide group term life insurance benefits to participants in the life insurance component of the Comcast Corporation Comprehensive Health and Welfare Benefit Plan provided certain conditions are met.  If the proposed exemption is granted, plan participants would receive a reduction in their portion of their dental premiums.

Mitsubishi UJF Trust and Banking Corporation (Mitsubishi)

D-12003

P:  86 FR 34048 (06/28/21)

If granted, this proposed exemption would permit Mitsubishi, a foreign banking corporation organized under the laws of Japan, and its affiliate, MUFG Alternative Fund Services (Cayman) Limited, (together referred to as, “MUTB”), to engage in certain transactions with employee benefit plans that are subject to ERISA and the Code, in connection with MUTB’s arrangement and syndication of revolving lines of credit to certain investment funds, which are secured by the capital commitments of the funds’ investors.