class exemption

A class exemption is an administrative exemption, granted under ERISA section 408(a), Code section 4975(c)(2), and/or 5 U.S.C. 8477(c)(3), which applies to any transaction and party in interest within the class of transactions and parties in interest specified in the exemption when the conditions of the exemption are satisfied.

Source

29 CFR § 2570.31

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Scoping language

For purposes of the procedures in this subpart, the following definitions apply:

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