17 CFR 240.16c-4

§ 240.16c-4 Derivative securities.

United States · 17 CFR — Commodity and Securities Exchanges · Status: effective

Cite this

Citation: 17 CFR 240.16c-4, § 240.16c-4 Derivative securities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/69335
Permanent ID: ys:prov:69335@1
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Full text

Establishing or increasing a put equivalent position shall be exempt from section 16(c) of the Act, so long as the amount of securities underlying the put equivalent position does not exceed the amount of underlying securities otherwise owned.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.