EMPLOYEE BENEFITS SECURITY ADMINISTRATION ISSUES NOTICE: PROPOSED EXEMPTION FOR THE GOLDMAN SACHS GROUP, INC. (GOLDMAN) LOCATED IN NEW YORK, NEW YORK

WASHINGTON, April 2 -- Employee Benefits Security Administration has issued a notice called: Proposed Exemption for The Goldman Sachs Group, Inc. (Goldman) Located in New York, New York.

The notice was published in the Federal Register on April 2 by Warren Blinder, Chief, Division of Individual Exemptions, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor.

Summary: If granted, this exemption would permit Goldman-related asset managers to rely on Prohibited Transaction Exemption 84-14 (PTE 84-14) notwithstanding the GS Malaysia FCPA Conviction (described below), if certain conditions are met.

For more information, contact Blessed Chuksorji-Keefe of the Department at 202/693-8540. This ...