240.11a1-3(T)—Bona fide hedge transactions in certain securities.

A bona fide hedge transaction effected on a national securities exchange by a member for its own account or an account of an associated person thereof and involving a long or short position in a security entitling the holder to acquire or sell an equity security, and a long or short position in one or more other securities entitling the holder to acquire or sell such equity security, shall be deemed to be of a kind which is consistent with the purposes of section 11(a)(1) of the Act, the protection of investors, and the maintenance of fair and orderly markets.

Code of Federal Regulations

(Secs. 2, 3, 6, 11, 11A, and 23, 89 Stat. 97, 104, 110, 111, 156 ( 15 U.S.C. 78b, 78c, 78f, 78k, 78k-1, 78w ); secs. 2, 3, 11, 23, 48 Stat. 881, 882, 885, 891, 901, as amended)

Code of Federal Regulations

[44 FR 6093, Jan. 31, 1979]

CFR

240.11a1-3(T)—Bona fide hedge transactions in certain securities.

Code of Federal Regulations

Code of Federal Regulations