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Proposed Exemption for The Goldman Sachs Group, Inc. (Goldman) Located in New York, New York
Plain English Summary
Goldman Sachs is seeking permission to allow its asset managers to follow certain rules even after a legal issue related to foreign bribery. If approved, this exemption will let them operate under specific conditions despite their past conviction. Insurance agents should stay informed about this situation as it may affect investment strategies and compliance requirements.
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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.