17 CFR 240.16b-1
§ 240.16b-1 Transactions approved by a regulatory authority.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 240.16b-1, § 240.16b-1 Transactions approved by a regulatory authority, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/69324
- Permanent ID
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.