PROPOSED CLASS EXEMPTION FOR CERTAIN TRANSACTIONS INVOLVING EMPLOYEE BENEFIT PLANS AND SECURITIES BROKER-DEALERS (REPLACING PTE 79-1 AND PTE 84-46)

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Forms and supporting documents for this ICR

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Information collection document groups

IC ID	Collection	Type	Status	Form
121535	PROPOSED CLASS EXEMPTION FOR CERTAIN TRANSACTIONS INVOLVING EMPLOYEE BENEFIT PLANS AND SECURITIES BROKER-DEALERS (REPLACING PTE 79-1 AND PTE 84-46)		Migrated

ICR Details

OMB Control No: 1210-0059	ICR Reference No: 198501-1210-003
Status: Historical Active	Previous ICR Reference No: 198404-1210-001
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: PROPOSED CLASS EXEMPTION FOR CERTAIN TRANSACTIONS INVOLVING EMPLOYEE BENEFIT PLANS AND SECURITIES BROKER-DEALERS (REPLACING PTE 79-1 AND PTE 84-46)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/25/1985
	Date Received in OIRA: 01/29/1985
Terms of Clearance: The clearance for the existing paperwork requirements will continue through August 1985, or until the final notice for the class exemption proposed on 1/24/85 becomes effective, whichever is earlier. No later than at the time the final notice for the class exemption is published in the Federal Register, the Department should submit a new paperwork package that: 1. reflects any substantive changes to the proposed paperwork requirements made since the proposed exemption was published, 2. includes a full justification for the Department's estimate in section 13 of the supporting statement that 25 percent of all employee benefit plans would be affected by the exemptions, and 3. contains a fully-justified estimate of the total burden hours attributed to the paperwork requirements associated with the class exemption.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/1985	08/31/1985	04/30/1985
Responses	555,585	0	555,585
Time Burden (Hours)	111,115	0	111,115
Cost Burden (Dollars)	0	0	0

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Abstract: THIS CLASS EXEMPTION EXEMPTS FROM THE PROHIBITED TRANSACTION RESTRICTIONS OF ERISA THE EFFECTING OR EXECUTING OF SECURITIES TRANSACTIONS ON BEHALF OF AN EMPLOYEE BENEFIT PLAN BY A PERSON WHO IS A FIDUCIARY WITH RESPECT TO THE PLAN AND WHO IS ACTING IN SUCH TRANSACTIONS AS AGENT FOR THE PLAN.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
PROPOSED CLASS EXEMPTION FOR CERTAIN TRANSACTIONS INVOLVING EMPLOYEE BENEFIT PLANS AND SECURITIES BROKER-DEALERS (REPLACING PTE 79-1 AND PTE 84-46)

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	555,585	555,585	0	0	0	0
Annual Time Burden (Hours)	111,115	111,115	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 01/29/1985

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