13 CFR § 107.250
Exclusion of stock options issued by Licensee from Management Expenses
August 12, 2025
§ 107.250 Exclusion of stock options issued by Licensee from Management Expenses.
Stock options issued by any Licensee, including a 1940 or 1980 Act Company, are not considered compensation and therefore do not count as part of a Licensee's Management Expenses.