General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934
Rule 12f-2 -- Extending Unlisted Trading Privileges to a Security that is the Subject of an Initial Public Offering
General provision. A national securities exchange
may extend unlisted trading
privileges to a subject security when at least one transaction in the subject
security has been
effected on the national securities exchange upon which the security is listed
and the transaction
has been reported pursuant to an effective transaction reporting plan, as
defined in Rule 242.600 of
this chapter.
The extension of unlisted trading privileges pursuant to
this section shall be subject to all the provisions set forth in Section
12(f) of the Act, as amended, and any rule or regulation promulgated thereunder,
or which may be promulgated thereunder while the extension is in effect.
Definition. For the purposes of this section:
The term subject security shall mean a security
that is the subject of an initial public offering, as that term is defined
in section 12(f)(1)(G)(i) of
the Act, and
An initial public offering commences at such
time as is described in Section 12(f)(1)(G)(ii)
of the Act.
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