17 CFR 230.150
§ 230.150 Definition of “commission or other remuneration” in section 3(a)(9), for certain transactions.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 230.150, § 230.150 Definition of “commission or other remuneration” in section 3(a)(9), for certain transactions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/68589
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Full text
The term commission or other remuneration in section 3(a)(9) of the Act shall not include payments made by the issuer, directly or indirectly, to its security holders in connection with an exchange of securities for outstanding securities, when such payments are part of the terms of the offer of exchange.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.