Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 246

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 246
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also “Plans”), from engaging in certain transactions involving “plan assets” with persons who
are “parties in interest” under ERISA or “disqualified persons” under the Code with respect to the Plan. A violation of these prohibited transaction rules may result in excise tax or other liabilities under ERISA or the Code for
those persons, unless exemptive relief is available under an applicable statutory, regulatory or administrative exemption. Employee benefit plans that are governmental plans (as defined in Section 3(32) of ERISA), certain church plans (as
defined in Section 3(33) of ERISA) and non-U.S. plans (as described in Section 4(b)(4) of ERISA) (“Non-ERISAArrangements”) are not subject to
the fiduciary standards of ERISA or the prohibited transaction rules of Section 406 of ERISA or Section 4975 of the Code but may be subject to similar provisions under applicable federal, state, local,
non-U.S. or other laws (“Similar Laws”).

The acquisition or conversion of
securities offered hereby by a Plan with respect to which we, any underwriters, dealers, agents or any of our or their affiliates (the “Transaction Parties”) are or become a party in interest or disqualified person may result in a
prohibited transaction under ERISA or Section 4975 of the Code, unless the securities offered hereby are acquired pursuant to an applicable exemption. The U.S. Department of Labor has issued several 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 securities offered hereby. These exemptions include PTCE
84-14 (for certain transactions determined by independent qualified professional asset managers), PTCE 90-1 (for certain transactions involving insurance company pooled
separate accounts), PTCE 91-38 (for certain transactions involving bank collective investment funds), PTCE 95-60 (for transactions involving certain insurance company
general accounts), and PTCE 96-23 (for transactions managed by in-house asset managers). In addition, ERISA Section 408(b)(17) and Section 4975(d)(20) of the
Code provide an exemption for the purchase and sale of securities offered hereby, provided that neither the issuer of securities offered hereby nor any of its affiliates have or exercise any discretionary authority or control or render any
investment advice with respect to the assets of any Plan involved