Exemption for Certain UBS AG (UBS) Asset Managers Located in Zurich, Switzerland
This exemption allows current and future UBS-related asset managers to continue to rely on Prohibited Transaction Exemption (PTE) 84-14, from May 5, 2026, to May 5, 2035, if certain conditions are met, notwithstanding four convictions and one non-prosecution agreement involving affiliated entities of UBS.
| Agency | Labor Department, Employee Benefits Security Administration |
|---|---|
| Document type | Notice |
| Published | 2026-05-04 |
| Summary | This exemption allows current and future UBS-related asset managers to continue to rely on Prohibited Transaction Exemption (PTE) 84-14, from May 5, 2026, to May 5, 2035, if certain conditions are met, notwithstanding four convictions and one non-prosecution agreement involving affiliated entities of UBS. |
| Document number | 2026-08625 |
| Official record | https://www.federalregister.gov/documents/2026/05/04/2026-08625/exemption-for-certain-ubs-ag-ubs-asset-managers-located-in-zurich-switzerland |