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Email On February 7, 2013, the U.S. Department of Labor (the "DOL") issued an advisory opinion concerning the application of the fiduciary and prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA") to certain "cleared swap" transactions conducted pursuant to the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). https://www.cadwalader.com/resources/clients-friends-memos/OL-provides-important-ERISA-guidanc