General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934
Rule 16e-1 -- Arbitrage Transactions under Section 16
It shall be unlawful for any director or officer of an issuer of an equity security
which is registered pursuant to section 12 of
the Act to effect any foreign or domestic arbitrage transaction in any equity
security of such issuer, whether registered or not, unless he shall include such
transaction in the statements required by section 16(a) and shall account to such
issuer for the profits arising from such transaction, as provided in section 16(b).
The provision of section 16(c) shall not apply to such arbitrage transactions.
The provisions of section 16 shall not apply
to any bona fide foreign or domestic arbitrage transaction insofar as it is effected
by any person other than such director or officer of the issuer of such security.
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