17 C.F.R. § 240.16b-1

Current through October 31, 2024
Section 240.16b-1 - Transactions approved by a regulatory authority

Any purchase and sale, or sale and purchase, of a security shall be exempt from section 16(b) of the Act, if the transaction is effected by an investment company registered under the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) and both the purchase and sale of such security have been exempted from the provisions of section 17(a) (15 U.S.C. 80a-17(a) ) of the Investment Company Act of 1940, by rule or order of the Commission.

17 C.F.R. §240.16b-1

56 FR 7270, Feb. 21, 1991, as amended at 61 FR 30404, June 14, 1996; 76 FR 71877 , Nov. 21, 2011