Joint Letter on Prohibited Transaction Exemption Procedures

The Investment Company Institute, The Securities Industry and Financial Markets Association, U.S. Chamber of Commerce, SPARK Institute and Insured Retirement Institute submitted a joint letter to the the Employee Benefits Security Administration requesting a review and repropose of  the rule on “Procedures Governing the Filing and Processing of Prohibited Transaction Exemption Applications” per the 2026 Regulatory Plan and the Unified Agenda.