General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934
Rule 3a12-7 -- Exemption for Certain Derivative Securities Traded Otherwise than on a National Securities Exchange
Any put, call, straddle, option, or privilege traded exclusively otherwise than on
a national securities exchange and for which quotations are not disseminated through
an automated quotation system of a registered securities association, which relates
to any securities which are direct obligations of, or obligations guaranteed as to
principal or interest by, the United States, or securities issued or guaranteed by
a corporation in which the United States has a direct or indirect interest as shall
be designated for exemption by the Secretary of the Treasury pursuant to section
3(a)12 of the Act, shall be exempt from all provisions of the Act which by their
terms do not apply to any "exempted security" or "exempted securities,"
provided that the securities underlying such put, call, straddle, option or privilege
represent an obligation equal to or exceeding $250,000 principal amount.
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