Final denial letters.

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  6. Administration and Enforcement Under the Employee Retirement Income Security Act of 1974
  7. Procedural Regulations Under the Employee Retirement Income Security Act
  8. Procedures Governing the Filing and Processing of Prohibited Transaction Exemption Applications
  9. Final denial letters.

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§ 2570.41 Final denial letters.

The Department will issue a final denial letter denying a requested exemption where:

(a) The conditions for issuing a final denial letter specified in § 2570.38(b) or § 2570.39(e) of this subpart are satisfied;

(b) After issuing a tentative denial letter under § 2570.38 of this subpart and considering the entire record in the case, including all written information submitted pursuant to §§ 2570.39 and 2570.40 of this subpart, the Department decides not to propose an exemption or to withdraw an exemption already proposed; or

(c) After proposing an exemption and conducting a hearing on the exemption under either § 2570.46 or § 2570.47 of this subpart and after considering the entire record in the case, including the record of the hearing, the Department decides to withdraw the proposed exemption.


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