{"abstract":"This document provides notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and/or the Internal Revenue Code of 1986 (the Code). The exemption permits certain entities with specified relationships to Northern Trust Fiduciary Services (Guernsey) Limited (NTFS) (hereinafter, the Northern QPAMs, as further defined in Section I(e) of the operative language) to rely on the exemptive relief provided by Prohibited Transaction Class Exemption 84-14 (PTE 84-14 or the QPAM Exemption), notwithstanding the judgment of conviction (the Conviction) against NTFS for aiding and abetting tax fraud entered in France in the Paris Court of Appeal, French Special Prosecutor No. 1120392066, French Investigative Judge No. JIRSIF/11/12.","action":"Notice of exemption.","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2025/08/12/2025-15280.html","cfr_references":[],"citation":"90 FR 38813","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This exemption will be in effect during the period beginning on the earlier of September 5, 2025 or the date of publication in the Federal Register; and ending on March 4, 2030.","disposition_notes":null,"docket_ids":["Prohibited Transaction Exemption 2025-06","Application Number D-12101"],"dockets":[],"document_number":"2025-15280","effective_on":"2025-09-05","end_page":38825,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2025/08/12/2025-15280.xml","html_url":"https://www.federalregister.gov/documents/2025/08/12/2025-15280/exemption-for-certain-prohibited-transactions-involving-northern-trust-corporation-together-with-its","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2025-15280?publication_date=2025-08-12","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2025-08-12/2025-15280/mods.xml","not_received_for_publication":null,"page_length":13,"page_views":{"count":900,"last_updated":"2026-07-26 18:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-08-12/pdf/2025-15280.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-15280.pdf?1754916320","publication_date":"2025-08-12","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2025/08/12/2025-15280.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2025-08-12T08:02:17Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":38813,"subtype":null,"title":"Exemption for Certain Prohibited Transactions Involving Northern Trust Corporation (Together With Its Current and Future Affiliates, Northern or the Applicant) Located in Chicago, IL","toc_doc":"Certain Prohibited Transactions Involving Northern Trust Corp. (Together with its Current and Future Affiliates, Northern or the Applicant)","toc_subject":"Exemption","topics":[],"type":"Notice","volume":90}