17 C.F.R. § 240.12a-7 Exemption of stock contained in standardized market baskets from section 12(a) of the Act.
Title 17 - Commodity and Securities Exchanges
(a) Any component stock of a standardized market basket shall be exempt from the registration requirement of section 12(a) of the Act, solely for the purpose of inclusion in a standardized market basket, provided that all of the following terms and conditions are met: (1) The standardized market basket has been duly approved by the Commission for listing on a national securities exchange pursuant to the requirements of section 19(b) of the Act; and (2) The stock is an NMS stock as defined in §242.600 of this chapter and is either: (i) Listed and registered for trading on a national securities exchange by the issuer or (ii) Quoted on the National Association of Securities Dealers Automated Quotation System; (b) When used in this rule, the term standardized market basket means a group of at least 100 stocks purchased or sold in a single execution and at a single trading location with physical delivery and transfer of ownership of each component stock resulting from such execution. [56 FR 28322, June 20, 1991, as amended at 70 FR 37618, June 29, 2005]
Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
Subpart A—Rules and Regulations Under the Securities Exchange Act of 1934
Securities Exempted From Registration
§ 240.12a-7 Exemption of stock contained in standardized market baskets from section 12(a) of the Act.
