29 C.F.R. § 2570.42 Notice of proposed exemption.
Title 29 - Labor
If the Department tentatively decides, based on all the information submitted by an applicant, that the exemption should be granted, it will publish a notice of proposed exemption in the (a) Explain the exemption transaction and summarize the information received by the Department in support of the exemption; (b) Specify any conditions under which the exemption is proposed; (c) Inform interested persons of their right to submit comments in writing to the Department relating to the proposed exemption and establish a deadline for receipt of such comments; (d) If the proposed exemption includes relief from the prohibitions of section 406(b) of ERISA, section 4975(c)(1)(E) or (F) of the Code, or section 8477(c)(2) of FERSA, inform interested persons of their right to request a hearing under §2570.46 of this part and establish a deadline for receipt of requests for such hearings.
Title 29: Labor
PART 2570—PROCEDURAL REGULATIONS UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
Subpart B—Procedures for Filing and Processing Prohibited Transaction Exemption Applications
§ 2570.42 Notice of proposed exemption.
