§ 240.16b-1. Transactions approved by a regulatory authority.

98 words·~1 min read·/us/cfr/t17/s§ 240.16b-1·

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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. \[56 FR 7270, Feb. 21, 1991, as amended at 61 FR 30404, June 14, 1996; 76 FR 71877, Nov. 21, 2011\]

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U.S. Code

Findings and declaration of policy
§ 80a–1
Transactions of certain affiliated persons and underwriters
§ 80a–17

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§ 240.16b-1

Transactions approved by a regulatory authority.

U.S.C.§ 80a–1

U.S.C.§ 80a–17

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