[Code of Federal Regulations]
[Title 17, Volume 2]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR230.150]

[Page 498]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
PART 230--GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933--Table of Contents
 
Sec. 230.150  Definition of ``commission or other remuneration'' in section 3(a)(9), for certain transactions.

    The term commission or other remuneration in section 3(a)(9) of the 
Act shall not include payments made by the issuer, directly or 
indirectly, to its security holders in connection with an exchange of 
securities for outstanding securities, when such payments are part of 
the terms of the offer of exchange.

[2 FR 1076, May 26, 1937]