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Text of Proposed PTEs for Asset Managers Affiliated with Royal Bank of Canada Trust Company (Bahamas) or Northern Trust Fiduciary Services (Guernsey); Proposed Extension of PTE for Asset Managers Affiliated with Deutsche Bank AG
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
[Official Guidance]
Oct. 12, 2016
122 pages. This set of Exemptions [1] provides relief for entities with specified relationships to Royal Bank of Canada Trust Company (Bahamas) Limited [RBC-Bahamas], notwithstanding a judgment of conviction against RBC-Bahamas for aiding and abetting tax fraud, to be entered in France in the District Court of Paris; [2] provides relief for entities with specified relationships to Northern Trust Fiduciary Services (Guernsey) ltd [Northern Trust-Guernsey] notwithstanding a judgment of conviction against Northern Trust-Guernsey to be entered in France in the District Court of Paris, for aiding and abetting tax fraud; and [3] extends relief until the earlier of April 23, 2017 or the date of final DOL action, for certain asset managers with specified relationships to Deutsche Bank, notwithstanding a judgment of conviction against Deutsche Securities Korea Co. entered on January 25, 2016.

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