§ 240.16c-4. Derivative securities.
38 words·~1 min read·
/us/cfr/t17/s§ 240.16c-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.