{"abstract":"This exemption allows current and future UBS-related asset managers to continue to rely on Prohibited Transaction Exemption (PTE) 84-14, from May 5, 2026, to May 5, 2035, if certain conditions are met, notwithstanding four convictions and one non-prosecution agreement involving affiliated entities of UBS.","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/2026/05/04/2026-08625.html","cfr_references":[],"citation":"91 FR 24010","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Exemption date: This exemption will be in effect for the period beginning on May 5, 2026, and ending on May 5, 2035.","disposition_notes":null,"docket_ids":["Prohibited Transaction Exemption 2026-03","Application Number D-12118"],"dockets":[],"document_number":"2026-08625","effective_on":"2026-05-05","end_page":24020,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2026/05/04/2026-08625.xml","html_url":"https://www.federalregister.gov/documents/2026/05/04/2026-08625/exemption-for-certain-ubs-ag-ubs-asset-managers-located-in-zurich-switzerland","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2026-08625?publication_date=2026-05-04","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2026-05-04/2026-08625/mods.xml","not_received_for_publication":null,"page_length":11,"page_views":{"count":389,"last_updated":"2026-06-22 20:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-04/pdf/2026-08625.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-08625.pdf?1777639516","publication_date":"2026-05-04","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2026/05/04/2026-08625.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2026-05-02T05:01:21Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":24010,"subtype":null,"title":"Exemption for Certain UBS AG (UBS) Asset Managers Located in Zurich, Switzerland","toc_doc":"Certain UBS AG Asset Managers Located in Zurich, Switzerland","toc_subject":"Exemption","topics":[],"type":"Notice","volume":91}