Prior exemptions may not reflect current policies or procedures. The Department, for example, may require terms and conditions that were not required in prior exemptions. Persons considering filing for an exemption or EXPRO authorization may find it very helpful to discuss the facts or issues in their cases with the Department before preparing the filing. The Department welcomes all inquiries and is available to answer any questions you may have. Call us at 202-693-8540.
Grant Notices
PTE 2024-02; D-12090
G: 89 FR 27789 (04/18/24)
P: 89 FR 13091 (02/21/24)
DWS Investment Management Americas, Inc. (DIMA) and Certain Current and Future Asset Management Affiliates of Deutsche Bank AG (Deutsche Bank)
This exemption permits certain qualified professional asset managers within the corporate family of Deutsche Bank, including DIMA, and certain current and future affiliates of Deutsche Bank (each a DB QPAM, as defined in the exemption), to continue to rely on the class exemptive relief granted in Prohibited Transaction Exemption 84–14, notwithstanding the 2017 criminal conviction of DB Group Services (UK) Limited, an affiliate of Deutsche Bank.
PTE 2024-01; D-12096
G: 89 FR 20493 (03/22/24)
P: 88 FR 88115 (12/20/23)
TT International Asset Management Ltd (TTI)
This exemption permits TTI to continue to rely on the exemptive relief provided by Prohibited Transaction Class Exemption 84-14, notwithstanding the judgment of conviction against SMBC Nikko Securities, Inc. (Nikko Tokyo) in Tokyo District Court for attempting to peg, fix or stabilize the prices of certain Japanese equity securities that Nikko Tokyo was attempting to place in a block offering that occurred on February 13, 2023. This exemption is effective for a period of five years beginning on February 13, 2024, and ending on February 12, 2029.
Technical Corrections for Prior Year Grants
PTE 2016-11; D-11875
O: 89 FR 23612 (04/04/24)
G: 81 FR 75150 (10/28/16)
P: 81 FR 70569 (10/12/16)
Northern Trust Corporation
This temporary exemption, as corrected, permits certain entities with specified relationships to Northern Trust Fiduciary Services (Guernsey) ltd. (the Northern QPAMs) to rely on the exemptive relief provided by Prohibited Transaction Class Exemption 84–14, notwithstanding a judgment of conviction against Northern Trust Fiduciary Services (Guernsey) ltd. for aiding and abetting tax fraud, entered in France in the Court of Appeal, French Special Prosecutor No. 1120392066, French Investigative Judge No. JIRSIF/11/12 or another court of competent jurisdiction.