17 CFR 240.11a1-3(T)
§ 240.11a1-3(T) Bona fide hedge transactions in certain securities.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 240.11a1-3(T), § 240.11a1-3(T) Bona fide hedge transactions in certain securities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/68987
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Full text
A bona fide hedge transaction effected on a national securities exchange by a member for its own account or an account of an associated person thereof and involving a long or short position in a security entitling the holder to acquire or sell an equity security, and a long or short position in one or more other securities entitling the holder to acquire or sell such equity security, shall be deemed to be of a kind which is consistent with the purposes of section 11(a)(1) of the Act, the protection of investors, and the maintenance of fair and orderly markets.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.