1. LawStack
  2. Title 17 - Commodity and Securities Exchange
  3. Chapter II - SECURITIES AND EXCHANGE COMMISSION
  4. Part 230 - GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933
  5. Topic - General
  6. 17 CFR § 230.150
17 CFR § 230.150
Definition of “commission or other remuneration” in section 3(a)(9), for certain transactions
April 15, 2021
CFR

The term commission or other remuneration in section 3(a)(9) of the Act shall not include payments made by the issuer, directly or indirectly, to its security holders in connection with an exchange of securities for outstanding securities, when such payments are part of the terms of the offer of exchange.

[2 FR 1076, May 26, 1937]

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§ 230.149 Definition of “exchanged” in section 3(a)(9), for certain transactions
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§ 230.151 Safe harbor definition of certain “annuity contracts or optional annuity contracts” within the meaning of section 3(a)(8)

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