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###### Department of Labor

# ACTION:

Notice of availability; request for comments.

# SUMMARY:

The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.

# DATES:

The OMB will consider all written comments that the agency receives on or before July 28, 2022.

# ADDRESSES:

                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to                         *www.reginfo.gov/​public/​do/​PRAMain.*                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.                    

*Comments are invited on:*                         (1) whether the collection of information is necessary for the proper performance of the functions of the Department, including whether the information will have practical utility; (2) if the information will be processed and used in a timely manner; (3) the accuracy of the agency's estimates of the burden and cost of the collection of information, including the validity of the methodology and assumptions used; (4) ways to enhance the quality, utility and clarity of the information collection; and (5) ways to minimize the burden of the collection of information on those who are to respond, including the use of automated collection techniques or other forms of information technology.                    

# FOR FURTHER INFORMATION CONTACT:

                        Mara Blumenthal by telephone at 202-693-8538, or by email at                         *DOL_PRA_PUBLIC@dol.gov.*

# SUPPLEMENTARY INFORMATION:

                    Prohibited Transaction Class Exemption (PTE) 86-128, which was granted on November 18, 1986, exempts from the prohibited transaction restrictions a fiduciary's use of its authority to cause a plan (including an individual retirement account) or a pooled investment fund to pay a fee to the fiduciary for effecting or executing of securities transactions as agent for the plan or fund. It also permits a fiduciary to act as an agent in an agency cross transaction for both the plan and one or more other parties to the transaction, and to receive reasonable compensation for effecting or executing the agency cross transaction from one or more of the other parties to the transaction. Section III of the class exemption imposes information collection requirements on fiduciaries of employee benefit plans to meet the                           ( print page 38427)                        conditions of the exemption. For additional substantive information about this ICR, see the related notice published in the                     **Federal Register**                     on March 17, 2022 (87 FR 15267).                

                    This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an information collection, unless the OMB approves it and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information that does not display a valid OMB Control Number.                     *See*5 CFR 1320.5(a) and 1320.6.                

DOL seeks PRA authorization for this information collection for three (3) years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOL notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review.

*Agency:*                     DOL-EBSA.                

*Title of Collection:*                     Prohibited Transaction Exemption for Securities Transactions Involving Employee Benefit Plans and Broker-Dealers.                

*OMB Control Number:*                     1210-0059.                

*Affected Public:*                     Private Sector—Businesses or other for-profits and not-for-profit institutions.                

*Total Estimated Number of Respondents:*                     8,048.                

*Total Estimated Number of Responses:*                     275,745.                

*Total Estimated Annual Time Burden:*                     2,193 hours.                

*Total Estimated Annual Other Costs Burden:*                     $296,108.                

(Authority: 44 U.S.C. 3507(a)(1)(D))

Dated: June 22, 2022.

Mara Blumenthal,

Senior PRA Analyst.

[FR Doc. 2022-13730 Filed 6-27-22; 8:45 am]

BILLING CODE 4510-29-P