Code of Federal Regulations · Section

§ 240.16e-1 — e-1 Arbitrage Transactions Under Section 16

17 C.F.R. § 240.16e-1

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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.

17 C.F.R. § 240.16c-4 17 C.F.R. § 240.17Ab2-2

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
Exempted transactions
15 U.S.C. § 77d