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DOL Finalizes Prohibited Transaction Investment Advice Exemption


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DOL Finalizes New Prohibited Transaction Exemption for “Investment Advice”, With Statement That Fiduciary Standard May Apply to IRA Rollover Guidance
Wednesday, January 20, 2021
On December 18, 2020, the U.S. Department of Labor (the “DOL”) published in the Federal Register a final prohibited transaction class exemption (the “Exemption”) that allows “investment advice” fiduciaries to provide advice that affects their compensation and to engage in otherwise prohibited “principal transactions.”  Importantly, the preamble to the Exemption (the “Preamble”) includes the DOL’s final interpretation of the “five-part test” for purposes of determining when IRA rollover advice constitutes fiduciary “investment advice.”
The Exemption (PTE 2020-02) is set to become effective on February 16, 2021.  At this time, it is not yet clear whether the Biden administration will delay or revoke the Exemption. ....

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Electricity licence exemptions


Electricity licence exemptions
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Contents
Overview
The Electricity Act 1989 (amended by the Utilities Act 2000, allows electricity companies, who meet certain criteria, to be exempt from having an electricity generation, transmission, distribution or supply licence.
December 2020 update: Call for evidence on electricity licence exemptions
BEIS has published a call for evidence on electricity licence exemptions to support a review of the exemptions regime. It will help government gain a fuller and better picture of how the exemptions regime is currently operating, providing a basis for consideration of whether changes to the exemptions regime are needed to reflect the government’s policy aims and objectives. ....

European Court , Eu Third Internal Energy Package , National Archives , Electricity Act , Utilities Act , Chris Chown , Class Exemptions , Regulatory Impact Assessment , Class Exemptions Order , Government Response , Third Package , Internal Markets , Electricity Safety , Continuity Regulations , ஐரோப்பிய நீதிமன்றம் , யூ மூன்றாவது உள் ஆற்றல் ப்யாகேஜ் , தேசிய காப்பகங்கள் , மின்சாரம் நாடகம் , பயன்பாடுகள் நாடகம் , கிறிஸ் சோவ்ன் , ஒழுங்குமுறை தாக்கம் மதிப்பீடு , அரசு பதில் , மூன்றாவது ப்யாகேஜ் , உள் சந்தைகள் , மின்சாரம் பாதுகாப்பு , தொடர்ச்சி ஒழுங்குமுறைகள் ,