Code of Federal Regulations · Section

§ 240.16c-2 — c-2 Transactions Effected In Connection With A Distribution

17 C.F.R. § 240.16c-2

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Any transaction shall be exempt from section 16(c) of the Act to the extent necessary to render lawful any sale made by or on behalf of a dealer in connection with a distribution of a substantial block of securities, where the sale is represented by an over-allotment in which the dealer is participating as a member of an underwriting group, or the dealer or a person acting on the dealer's behalf intends in good faith to offset such sale with a security to be acquired by or on behalf of the dealer as a participant in an underwriting, selling, or soliciting-dealer group of which the dealer is a member at the time of the sale, whether or not the security to be acquired is subject to a prior offering to existing security holders or some other class of persons.

17 C.F.R. § 240.16c-1 17 C.F.R. § 240.16c-3

Authorizing Statute

Jurisdiction of Commission; liability of principal for act of agent; Commodity Futures Trading Commission; transaction in interstate commerce
7 U.S.C. § 2
Records and reports
15 U.S.C. § 78q
Registration of securities
15 U.S.C. § 77f
Registration and regulation of brokers and dealers
15 U.S.C. § 78o
Foreign securities exchanges
15 U.S.C. § 78dd
Information required in registration statement
15 U.S.C. § 77g
General provisions of a liquidation proceeding
15 U.S.C. § 78fff
Necessity for regulation
15 U.S.C. § 78b
Proxies
15 U.S.C. § 78n
Classes of securities under this subchapter
15 U.S.C. § 77c
Registration requirements for securities
15 U.S.C. § 78l
Executive compensation and corporate governance
12 U.S.C. § 5221
Findings and purposes
12 U.S.C. § 5461
Definitions; promotion of efficiency, competition, and capital formation
15 U.S.C. § 77b
Creation; membership; compensation and expenses
12 U.S.C. § 241
Short title
15 U.S.C. § 78a
Trading by members of exchanges, brokers, and dealers
15 U.S.C. § 78k
Manipulative and deceptive devices
15 U.S.C. § 78j
Operations of designated financial market utilities
12 U.S.C. § 5465
Definitions and application
15 U.S.C. § 78c
National securities exchanges
15 U.S.C. § 78f
Rules, regulations, and orders; annual reports
15 U.S.C. § 78w
Comprehensive energy plan
15 U.S.C. § 781
Transaction fees
15 U.S.C. § 78ee
Failure of corporate officers to certify financial reports
18 U.S.C. § 1350