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Title 17 Part 240 → Subpart A → §240.11a1-3(t)

Title 17 → Chapter II → Part 240 → Subpart A → §240.11a1-3(t)

Electronic Code of Federal Regulations e-CFR

Title 17 Part 240 → Subpart A → §240.11a1-3(t)

e-CFR data is current as of December 5, 2019

Title 17Chapter IIPart 240Subpart A → §240.11a1-3(t)


Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
Subpart A—Rules and Regulations Under the Securities Exchange Act of 1934


§240.11a1-3(T)   Bona fide hedge transactions in certain securities.

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.

(Secs. 2, 3, 6, 11, 11A, and 23, 89 Stat. 97, 104, 110, 111, 156 (15 U.S.C. 78b, 78c, 78f, 78k, 78k-1, 78w); secs. 2, 3, 11, 23, 48 Stat. 881, 882, 885, 891, 901, as amended)

[44 FR 6093, Jan. 31, 1979]


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