Cal. Code Regs. Tit. 10, § 260.402 - Purchases and Sales

Current through Register 2022 Notice Reg. No. 16, April 25, 2022

For purposes of Section 25402 of the Code, an issuer or person described in Section 25402 shall not be deemed to have purchased or sold an issuer's security at a time when that person knows material information about the issuer if the issuer or such person demonstrates that the purchase or sale of the issuer's security was in accordance will Rule 10b5-1(c) promulgated under the Securities Exchange Act of 1934, as amended, 17 CFR Section 240.10b5-1(c).

Notes

Cal. Code Regs. Tit. 10, § 260.402

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25402, Corporations Code.

1. New section filed 3-14-2001 as an emergency; operative 3-14-2001 (Register 2001, No. 11). A Certificate of Compliance must be transmitted to OAL by 7-12-2001 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 3-14-2001 order transmitted to OAL 6-26-2001 and filed 7-30-2001 (Register 2001, No. 31).