17 C.F.R. § 270.17a-9 Purchase of certain securities from a money market fund by an affiliate, or an affiliate of an affiliate.
Title 17 - Commodity and Securities Exchanges
The purchase of a security that is no longer an Eligible Security (as defined in paragraph (a)(10) of §270.2a–7) from an open-end investment company holding itself out as a “money market” fund shall be exempt from section 17(a) of the Act [15 U.S.C. 80a–17(a)], provided that: (a) The purchase price is paid in cash; and (b) The purchase price is equal to the greater of the amortized cost of the security or its market price (in each case, including accrued interest). [61 FR 13983, Mar. 28, 1996, as amended at 62 FR 64986, Dec. 9, 1997]
Title 17: Commodity and Securities Exchanges
PART 270—RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940
§ 270.17a-9 Purchase of certain securities from a money market fund by an affiliate, or an affiliate of an affiliate.
