EMPLOYEE BENEFITS SECURITY ADMINISTRATION ISSUES NOTICE: PROPOSED AMENDMENT TO EXTEND THE EFFECTIVE DATES FOR PROHIBITED TRANSACTION EXEMPTION (PTE) 2016-10 INVOLVING ROYAL BANK OF CANADA (TOGETHER WITH ITS CURRENT AND FUTURE AFFILIATES, RBC) LOCATED IN TORONTO, CANADA, AND PTE 2016-11 INVOLVING NORTHERN TRUST CORPORATION (TOGETHER WITH ITS CURRENT AND FUTURE AFFILIATES, NORTHERN) LOCATED IN CHICAGO, ILLINOIS

WASHINGTON, Feb. 21 -- Employee Benefits Security Administration has issued a notice called: Proposed Amendment To Extend the Effective Dates for Prohibited Transaction Exemption (PTE) 2016-10 Involving Royal Bank of Canada (Together With Its Current and Future Affiliates, RBC) Located in Toronto, Canada, and PTE 2016-11 Involving Northern Trust Corporation (Together With Its Current and Future Affiliates, Northern) Located in Chicago, Illinois.

The notice was published in the Federal Register on Feb. 21 by George Christopher Cosby, Director, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor.

Summary: The Department of Labor (the Department) is proposing to extend the effective periods...