Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 208

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 208
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 are considered to include “plan assets” of any employee benefit plan subject to Title I of ERISA or plan subject to Section 4975 of the Code (each of the foregoing described in clauses (i), (ii) and (iii) referred to herein as a “covered plan”), from engaging in certain transactions involving “plan assets” with persons who are “parties in interest” under ERISA or “disqualified persons” under the Code (“parties in interest” and “disqualified persons” are collectively referred to herein as “parties in interest”) with respect to the covered plan. A violation of these prohibited transaction rules may result in civil penalties or other liabilities under ERISA and/or an excise tax under Section 4975 of the Code for those persons, unless exemptive relief is available under an applicable statutory, regulatory or administrative exemption. In addition, the fiduciary of the covered plan that engaged in such a non-exemptprohibited transaction may be subject to penalties and liabilities under ERISA and Section 4975 of the Code. Because of our business, we and our current and future affiliates may be parties in interest with respect to many covered plans. The acquisition, holding or, if applicable, exchange, of securities by a covered plan with respect to which we or any of our affiliates is or becomes a party in interest may constitute or result in a prohibited transaction under ERISA or Section 4975 of the Code, unless the security is acquired and held pursuant to and in accordance with an applicable exemption. In this regard, the U.S. Department of Labor has issued prohibited transaction class exemptions, or “PTCEs,” that may provide exemptive relief if required for direct or indirect prohibited transactions that may arise from the purchase or holding of a security. These exemptions include, without limitation:

| • |     | PTCE 84-14, an exemption for certain transactions determined or effected 
 by independent qualified professional asset managers;                    |

| • |     | PTCE 90-1, an exemption for certain transactions involving insurance 
 company pooled separate accounts;                                    |

| • |     | PTCE 91-38, an exemption for certain transactions involving bank 
 collective investment funds;                                     |

| • |     | PTCE 95-60, an exemption for transactions involving certain insurance 
 company general accounts; and                                         |

| • |     | PTCE 96-23, an exemption for plan asset transactions managed by in-house asset managers. |

In addition, Section 408(b)(17)