; Amendment to and Partial Revocation of PTE 75–1, Exemptions From Prohibitions Respecting Certain Classes of Transactions Involving Employee Benefits Plans and Certain Broker-Dealers, Reporting Dealers and Banks published April 8, 2016 (81 Fed. Reg. 21181). (6) The Amendments to Class Exemptions 75–1, 77–4, 80–83 and 83–1 published April 8, 2016 (81 Fed. Reg. 21208). (7) The Amendment to and Partial Revocation of Prohibited Transaction Exemption (PTE) 84–24 for Certain Transactions Involving Insurance Agents and Brokers, Pension Consultants, Insurance Companies, and Investment Company Principal Underwriters published April 8, 2016 (81 Fed. Reg. 21147). 3. Rules relating to the provision of investment advice (a) Amendments to the Employee Retirement Income Security Act of 1974 (1) Definition of investment advice Section 3(21) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1002(21) ) is amended by adding at the end the following: (C) (i) For purposes of clause (ii) of subparagraph (A), the term investment advice means a recommendation communicated electronically, on paper, or orally that— (I) relates to— (aa) the advisability of acquiring, holding, disposing, or exchanging any moneys or other property of a plan by the plan, plan participants, or plan beneficiaries, including any recommendation whether to take a distribution of benefits from such plan or any recommendation relating to the investment of any moneys or other property of such plan to be distributed from such plan; (bb) the management of moneys or other property of such plan, including recommendations relating to the management of moneys or other property to be distributed from such plan; or (cc) the advisability of retaining or ceasing to retain a person who would receive a fee or other compensation for providing any of the types of advice described in this subclause