EMPLOYEE BENEFITS SECURITY ADMINISTRATION ISSUES NOTICE: EXEMPTION FOR THE ROYAL BANK OF CANADA AND ITS CURRENT AND FUTURE AFFILIATES (COLLECTIVELY, RBC OR THE APPLICANT) LOCATED IN TORONTO, ONTARIO, CANADA

WASHINGTON, Aug. 12 -- Employee Benefits Security Administration has issued a notice called: Exemption for the Royal Bank of Canada and Its Current and Future Affiliates (Collectively, RBC or the Applicant) Located in Toronto, Ontario, Canada.

The notice was published in the Federal Register on Aug. 12 by Christopher Motta, Acting Director, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor.

Summary: This document provides notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code). This exemption permits certain qualified professional asset managers wit...