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Plan assets: Difference between revisions
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The concern is concern over the U.S. Department of Labor’s “[[plan asset regulations]]” which determine a [[fund]]'s assets will be treated as held directly by an [[ERISA plan investor]] for the purposes of [[ERISA]] and the [[Internal Revenue Code of 1986]]. | The concern is concern over the U.S. Department of Labor’s “[[plan asset regulations]]” which determine a [[fund]]'s assets will be treated as held directly by an [[ERISA plan investor]] for the purposes of [[ERISA]] and the [[Internal Revenue Code of 1986]]. | ||
==={{tag|ERISA}} | ==={{tag|ERISA}} [[representation]]s and [[prohibited transactions]]s=== | ||
Even a non-US manager might be | Even a non-US manager might be invited to make this sort of a representation: | ||
{{Box| | {{Box| | ||
'''No ERISA Funds'''. The assets | '''No ERISA Funds'''. The Fund’s assets do not include "[[plan assets]]" within the meaning of Section 3(42) of {{tag|ERISA}}, and Party B is not otherwise subject to Title I of ERISA or Section 4975 of the Code. <br> | ||
'''Definitions'''. Section {{isdaprov|14}} is hereby amended to include the following definitions in their appropriate alphabetical order: | '''Definitions'''. Section {{isdaprov|14}} is hereby amended to include the following definitions in their appropriate alphabetical order: | ||
:"'''Code'''" means the U.S. [[Internal Revenue Code of 1986]], as amended, or any successor statute. | :"'''Code'''" means the U.S. [[Internal Revenue Code of 1986]], as amended, or any successor statute. | ||