Company: TDBCP
Filing Date: 2025-04-17
Form Type: 424B3
Source: 0001193125-25-084359
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-17
Form: 424B3
Chunk 14
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 a fee or other consideration). In this regard, ERISA and the
Code contain certain exemptions from the prohibited transactions described above, and the Department of Labor has also issued a number of class exemptions, although certain exemptions do not provide relief from the prohibitions on self-dealing
contained in Section 406(b) of ERISA and Sections 4975(c)(1)(E) and (F) of the Code. These exemptions include Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code pertaining to certain transactions with non-fiduciary service providers (the so-called “service provider exemption”); Department of Labor

Prohibited Transaction Class Exemption (“PTCE”) 95-60, applicable to transactions involving insurance company general accounts; PTCE 90-1, regarding investments by insurance company pooled separate accounts; PTCE 91-38, regarding investments by bank collective investment funds; PTCE 84-14, regarding investments effected by a qualified professional asset manager; and PTCE 96-23, regarding investments effected by an in-house asset manager. Each of the above-noted exemptions contains conditions and limitations on its application. Fiduciaries of
Benefit Plan Investors relying on these or any other exemption should carefully review the exemption in consultation with its own legal advisors to assure the exemption is applicable. There can be no assurance that all of the conditions of any such
exemptions will be satisfied.

As a general rule, a governmental plan, as defined in Section 3(32) of ERISA (each, a
“Governmental Plan”), a church plan, as defined in Section 3(33) of ERISA, that has not made an election under Section 410(d) of the Code (each, a “Church Plan”) and a plan maintained outside the United States primarily
for the benefit of persons substantially all of whom are nonresident aliens (each, a “non-U.S. Plan”) are not subject to Title I of ERISA or Section 4975 of the Code . Accordingly, assets of
such Plan Investors may be invested without regard to the fiduciary and prohibited transaction considerations described above. Although a Governmental Plan, a Church Plan or a non-U.S. Plan is not subject to
Title I of ERISA or Section 4975 of the Code, it may be subject to Similar Laws. A fiduciary of a Government Plan, a Church Plan or a non-U.S. Plan should consider whether common