17 CFR 240.12a-6 - Exemption of securities underlying certain options from section 12(a).

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§ 240.12a-6 Exemption of securities underlying certain options from section 12(a).
(a) When used in this rule, the following terms shall have the meanings indicated unless the context otherwise requires:
(1) The term option shall include any put, call, spread, straddle, or other option or privilege of buying a security from or selling a security to another without being bound to do so, but such term shall not include any such option where the writer is: The issuer of the security which may be purchased or sold upon exercise of the option, or is a person that directly, or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with such issuer;
(2) The term underlying security means a security which relates to or is the subject of an option.
(b) Any underlying security shall be exempt from the operation of section 12(a) of the Act if all of the following terms and conditions are met:
(1) The related option is duly listed and registered on a national securities exchange;
(2) The only transactions on such exchange with respect to such underlying securities consist of the delivery of and payment for such underlying securities pursuant to the terms of such options relating to the exercise thereof; and
(3) Such underlying security is (i) duly listed and registered on another national securities exchange at the time the option is issued; or (ii) duly quoted on the National Association of Securities Dealers Automated Quotation System (“NASDAQ”) at the time the option is issued.
(Secs. 3(a)(12); 48 Stat. 882, 84 Stat. 718, 1435, 1499 (15 U.S.C. 78(c)))
[38 FR 11449, May 8, 1973, as amended at 50 FR 20203, May 15, 1985]

Title 17 published on 2014-04-01.

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  • 2015-04-20; vol. 80 # 75 - Monday, April 20, 2015
    1. 80 FR 21806 - Amendments for Small and Additional Issues Exemptions Under the Securities Act (Regulation A)
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      Final rules.
      The final rules and form amendments are effective on June 19, 2015.
      17 CFR Parts 200, 230, 232, 239, 240, 249, and 260

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

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United States Code
U.S. Code: Title 7 - AGRICULTURE
U.S. Code: Title 12 - BANKS AND BANKING
U.S. Code: Title 15 - COMMERCE AND TRADE

§ 27dd

§ 77c - Classes of securities under this subchapter

§ 77d - Exempted transactions

§ 77g - Information required in registration statement

§ 77j - Information required in prospectus

§ 77s - Special powers of Commission

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

§ 77eee - Securities required to be registered under Securities Act

§ 77ggg - Qualification of indentures covering securities not required to be registered

§ 77nnn - Reports by obligor; evidence of compliance with indenture provisions

§ 77sss - Rules, regulations, and orders

§ 77ttt - Hearings by Commission

§ 78c - Definitions and application

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

§ 78d - Securities and Exchange Commission

§ 78e - Transactions on unregistered exchanges

§ 78f - National securities exchanges

§ 78g - Margin requirements

§ 78i - Manipulation of security prices

§ 78j - Manipulative and deceptive devices

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

§ 78k - Trading by members of exchanges, brokers, and dealers

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

15 U.S. Code § -

§ 78m - Periodical and other reports

§ 78n - Proxies

15 U.S. Code § -

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

§ 78p - Directors, officers, and principal stockholders

§ 78q - Records and reports

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

§ 78s - Registration, responsibilities, and oversight of self-regulatory organizations

15 U.S. Code § 32, 33 - Repealed. Pub. L. 91–452 , title II , §§ 209, 210 , Oct. 15, 1970, 84 Stat. 929

§ 78w - Rules, regulations, and orders; annual reports

§ 78x - Public availability of information

15 U.S. Code § -

§ 78mm - General exemptive authority

15 U.S. Code § 79 to 79z–6 - Repealed.

15 U.S. Code § 79 to 79z–6 - Repealed.

15 U.S. Code § 79 to 79z–6 - Repealed.

15 U.S. Code § 79 to 79z–6 - Repealed.

15 U.S. Code § 79 to 79z–6 - Repealed.

15 U.S. Code § 79 to 79z–6 - Repealed.

15 U.S. Code § 79 to 79z–6 - Repealed.

§ 7201 - Definitions

§ 7202 - Commission rules and enforcement

§ 8302 - Review of regulatory authority

U.S. Code: Title 18 - CRIMES AND CRIMINAL PROCEDURE
Statutes at Large

Title 17 published on 2014-04-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 17 CFR Part 240 after this date.

  • 2015-05-13; vol. 80 # 92 - Wednesday, May 13, 2015
    1. 80 FR 27444 - Application of Certain Title VII Requirements to Security-Based Swap Transactions Connected With a Non-U.S. Person's Dealing Activity That Are Arranged, Negotiated, or Executed by Personnel Located in a U.S. Branch or Office or in a U.S. Branch or Office of an Agent
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      Proposed rules.
      Comments should be received on or before July 13, 2015.
      17 CFR Parts 240 and 242