The Department of Labor (DOL) published a proposed rule to govern the filing and processing of applications for prohibited transaction exemptions. If finalized, these rules would supersede the existing DOL process for applying for a prohibited transaction exemption from the DOL. The proposed rules would not become effective until 60 days following publication of a final rule.  

Reinhart Comment: Anyone considering filing a prohibited transaction exemption with the DOL should review the proposed regulations to determine the effects of filing under the current and proposed process.