Source: https://www.law.cornell.edu/cfr/text/17/part-231?qt-cfr_tabs=0
Timestamp: 2015-10-10 13:36:31
Document Index: 617201576

Matched Legal Cases: ['art 231', 'art 231', 'art 231', 'art 231', '§ 230', '§ 230', '§ 230', '§ 230', '§ 230', '§ 230', 'art 231']

17 CFR Part 231 - INTERPRETATIVE RELEASES RELATING TO THE SECURITIES ACT OF 1933 AND GENERAL RULES AND REGULATIONS THEREUNDER | US Law | LII / Legal Information Institute
CFR › Title 17 › Chapter II › Part 231 17 CFR Part 231 - INTERPRETATIVE RELEASES RELATING TO THE SECURITIES ACT OF 1933 AND GENERAL RULES AND REGULATIONS THEREUNDER
There is 1 rule appearing in the Federal Register for 17 CFR Part 231. View below or at eCFR (GPOAccess)
Partial text of letter of Chief of Securities Division of
Federal Trade Commission relating to section 11(e)(2)
Letter of Federal Trade Commission relating to offers of
sale prior to the effective date of the registration
Opinion of Federal Trade Commission relating to
registration of stock issued by certain mortgage loan
Extracts from letters of Federal Trade Commission
relating to applications of various sections of the Act
Extract from letter of Federal Trade Commission
discussing availability of a “broker's exemption” to the
customer of the broker
Statement by Federal Trade Commission discussing the
amendment of the Securities Act to include fractional undivided
interests in oil, gas or other mineral rights in the definition
Statement by Federal Trade Commission relating to the
availability of an exemption from registration where a secondary
distribution involves sales outside the State of
Letter of General Counsel discussing factors to be
considered in determining the availability of the exemption from
registration provided by the second clause of section 4(1)
Letter of General Counsel discussing the availability of
an exemption from registration for securities issued in exchange
for other securities where terms of the issuance and exchange
are subject to approval by a State public utility
Letter of General Counsel discussing availability of an
exemption from registration for collateral trust notes
Letter of General Counsel discussing distribution by
statistical service of bulletins and circulars describing
securities for which registration statements have been
an exemption from registration for the issuance of securities
under deposit agreements where solicitations under the
agreements were begun prior to the effective date of the
registration requirements of the Securities Act
exemption from registration of the second clause of section 4(1)
Letters of General Counsel discussing application of
Letter by General Counsel discussing circulation by
underwriters and dealers of summaries of information contained
in registration statements prior to the effective date of such
Letter of General Counsel discussing the application of
section 5(b)(2)
Opinion of the Director of the Division of Forms and
Regulations relating to Rule 821(a) (17 CFR
230.821(a))
Letter of General Counsel discussing whether a sale of a
security is involved in the payment of a dividend
Letter of General Counsel discussing solicitation by
financial and security houses of brokerage orders for the
purchase of securities prior to the effective date of a
registration statement for such securities
Regulations discussing the definition of “parent” as used in
various forms under Securities Act of 1933 and Securities
Letter of General Counsel discussing nature of exemption
3(a)(11)
Letter of the Director of the Division of Forms and
Letter of General Counsel concerning the services of
former employees of the Commission in connection with matters
with which such employees became familiar during their course of
employment with the Commission
Statement of Commission policy with respect to the
acceleration of the effective date of registration
Opinion of General Counsel concerning the application of
the third clause of section
4(1) in various situations
Extract from letter of Director of the Corporation
Opinion of Director of the Trading and Exchange Division
relating to the violation of the anti-fraud provisions of the
Securities Act by manipulation of prices of securities not
registered on a national securities exchange
Securities Act in cases of a “syndicate account” while members
of the syndicate or selling group are engaged in the retail
distribution of such security
Statement of the Commission relating to the anti-fraud
provisions of section 17(a) of the
Securities Act of 1933 and sections 10(b)
and 15(c)(1) of the Securities Exchange Act of
Opinion of Chief Counsel to the Corporation Finance
Division relating to section
relating to section 206 of the
Investment Advisers Act of 1940, section
17(a) of the Securities Act of 1933, and sections 10(b) and 15(c)(1) of the
Statement of Commission policy as to acceleration of the
effective date of a registration statement where a selling
stockholder does not bear his equitable proportion of the
expense of registration
Statement of Commission policy as to the acceleration of
the effective date of a registration statement in cases where an
inadequate “red herring” prospectus has been issued
Statement by Commission with respect to representations
that the Commission has approved the price of a security offered
to the public under a registration statement
Statements of the Commission accompanying adoption of
§ 230.131 (Rule 131)
Division regarding registration under the Securities Act of 1933
of certain warrants
Opinion of General Counsel relating to “when-issued”
Statement of the Commission relating to § 230.220(i) of this
Opinion of the General Counsel relating to the use of
“hedge clauses” by brokers, dealers, investment advisers, and
Statements of the Commission respecting purpose of § 230.132 (Rule 132); respecting acceleration of identifying
statements and proposed prospectuses pursuant to § 230.131 and § 230.132 (Rules 131 and 132); and respecting acceleration policy
where there has been no bona fide effort to prepare a reasonably
concise and readable prospectus
Statement of the Commission relating to publication of
information prior to or after the effective date of a
Statement of the Commission concerning the interpretation
and application of § 230.133 (Rule 133)
Statement of the Commission regarding public offerings of
investment contracts providing for the acquisition, sale or
servicing of mortgages or deeds of trust
Statement of the Commission as to the applicability of
the Federal securities laws to real estate investment
Statement of the Commission concerning interpretation of
section 39(a)(3) of the
Statement of the Commission concerning exemption for
local offerings from registration
Statement of the Commission concerning standards of
conduct for registered broker-dealers in the distribution of
Statement of the Commission in regard to the wide
variation of certificates used by independent accountants in
their registration statements concerning verification of
inventories (income statements) of prior years in first
Statement of the Commission in regard to the increase of
time between the filing and the effective dates of a substantial
volume of registration statements and suggested assistance to
issuers, counsels, and others preparing registration statements
to remedy this delay
Statement of the Commission cautioning broker-dealers
about violating the anti-fraud provisions of the Federal
securities laws when making short sales in which they delay
effecting the covering transaction to acquire the security
Opinion of the Commission that “Equity Funding”, “Secured
Funding”, or “Life Funding” constitutes an investment contract
Statement of the Commission regarding limitations of the
availability of so-called “private offering exemption.”
Statement of the Commission showing circumstances in 7
cases where profits in real estate transactions were not earned
at time transactions were recorded but that the sales were
designed to create the illusion of profits or value as a basis
for the sales of securities
Commission's publication of policies and practices of its
Division of Corporation Finance to be used as guide for
preparation and filing of registration statements
Statement of the Commission explaining the operation of
of 1933 in the offer and sale of securities by underwriters and
dealers prior to and after the filing of a registration
Statement of the Commission re applicability of
Securities Act of 1933 to offerings of securities outside the
U.S. and re applicability of section 15(a)
of the Securities Exchange Act of 1934 to foreign
underwriters as part of program of Presidential Task Force to
reduce U.S. balance of payments deficit and protect U.S. gold
Letter of Chief Counsel of Division of Corporation
Finance recommending against proposed amendment to Rule 134
under the Securities Act of 1933 (17 CFR
230.134) with specific interpretations valuable to would be
users of “tombstone” advertisements
Summary and interpretation by the Commission of
amendments to the Securities Act of 1933 and Securities Exchange
Act of 1934 as contained in the Securities Acts Amendments of
Statement of the Commission re the registration of
securities purchased through employee stock purchase plans and
warning that plans not subject to registration should be limited
to securities of reliable companies
Restatement (superseding Release No. 4669) of the
Commission alerting the financial community to the limitations
of Rule 154 (17 CFR 230.154) under the Securities Act of 1933
Request by the Commission to issuers to use language that
can be understood readily by employees in prospectuses for
securities registered under the Securities Act of 1933 on Form
S-8 (17 CFR 239.16b)
Statement of the Commission prepared in conjunction with
Maryland, Virginia, and District of Columbia authorities re
applicability of Federal Securities Laws as to registration
requirements and antifraud provisions in real estate
Opinions of the Commission on the acceleration of the
effective date of a registration statement under the Securities
Act of 1933 and on the clearance of proxy material such as
convertible preferred shares considered residual securities in
determining earnings per share applicable to common stock
Statement of the Commission to alert prospective
borrowers obtaining loans for real estate development about
recent fraudulent schemes
Statement of the Commission clarifying that industrial
revenue bonds sold under Rule 131 (17 CFR
230.131) and Rule 3b-5 (17 CFR 240.3b-5) are not effected if acquired and paid for by the
underwriters on or before December 31, 1968
Statement of the Commission setting forth certain
procedures for the staff of its Division of Corporation Finance
to adopt in order to expedite the filing of registration
Guides for preparation and filing of registration
statements under the Securities Act of 1933
Letter of Chief Counsel of Division of Corporate
Regulation setting forth the Commission's interpretation as to
references to certain financial services in “Tombstone”
Proposed guide for prospective registrants re the use of
Declaration of the Commission that prior delivery of
preliminary prospectus to underwriters and dealers will
accelerate the effective date of a registration statement
Policy of Commission's Division of Corporation Finance to
send only one letter of comments re registration statement to
the issuer or its counsel and one to the principal underwriter
or its counsel if there are underwriters
Statement of the Commission cautioning brokers and
dealers with respect to effecting transactions of “spin offs”
and “shell corporations”
Commission's proposed guide for prospectuses relating to
public offering of interests in oil and gas drilling programs to
assist issuers in preparing registration statements and to help
investors in understanding and analysis
misleading names adopted unchanged
Interpretations by the Commission re the publication of
information prior to or after filing of a registration
statement, and also re its proposal to amend Rule 174 to change
effective date restrictions of the existing prospectus delivery
Commission's statement about publicity concerning the
petroleum discoveries on the North Slope of Alaska
Commission's warning statement re sale and distribution
of whisky warehouse receipts
The Commission's views re preparation of prospectuses
relating to public offerings of interests in oil and gas
programs are represented by Guide No. 55 set forth here and in
Securities Act Release No. 4936 rather than the proposed guide
in Securities Act Release No. 5001
Conclusion by the Commission that a registration
statement will be considered defective under the 1933 Act when
the certificate does not meet the requirements of 17 CFR 210.2-02 because the accountant qualifies his opinion due to
doubt as to whether the company will continue as a going
applicability of Federal securities laws to offer and sale
Publication by the Commission of a registration guide
relating to the interest of legal counsel and experts in the
Commission's Guide No. 58 requiring disclosure in
prospectus of address and telephone number of the registrant's
Commission's statement re exemption of certain industrial
revenue bonds from registration, etc. requirements in view of
amendment of Securities Act of 1933 and of Securities Exchange
Act of 1934 by “section 401”
(PL 91-373)
Commission's statement setting forth its policy on use of
legends and stop-transfer instructions as evidence of nonpublic
Interpretations of the Commission in regard to
requirements for registration statements and reports concerning
information requested re description of business, summary of
operations, and financial statements
problems arising under PL 91-547 re registration and regulation
of insurance company separate accounts used as funding vehicles
for certain employee stock bonus, pension and profit sharing
Statement of the Commission warning the public about
novel unsecured debt securities which appear to invite
unwarranted comparisons with bank savings accounts, savings and
loan association accounts, and bank time deposit
Statement of the Commission prohibiting the reduction of
fixed charges by amounts representing interest or investment
income or gains on retirement of debt in registration statements
or reports filed with the Commission
Statement of the Commission calling attention to
requirements in its forms and rules under the Securities Act of
1933 and the Securities and Exchange Act of 1934 for disclosure
of legal proceedings and descriptions of registrant's business
as these requirements relate to material matters involving the
environment and civil rights
Commission's authorization of publication of amended
Registration Guide No. 8 which sets forth the policy of the
Commission's Division of Corporation Finance with respect to
pictorial or graphic representations in prospectives
Commission's policy requiring the inclusion in financial
statements of the ratio of earnings to fixed charges for the
total enterprise in equivalent prominence with the ratio for the
registrant or registrant and consolidated subsidiaries
Commission's guidelines for release of information by
issuers whose securities are “in registration”
defer processing registration statements and amendments filed
under the Securities Act of 1933 by issuers whose reports are
delinquent until such reports are brought up to date
relating to “insurance premium funding” programs
Commission's statement concerning applicability of
securities laws to multilevel distributorships and other
business opportunities offered through pyramid sales plans
Commission's statement concerning offering and sale of
securities in nonpublic offerings and applicability of antifraud
provisions of securities acts
Commission's statement of procedures followed by the
staff of its Division of Corporation Finance in examining
registration statements; request to issuers to follow certain
procedures to expedite registration
Commission's guides for preparation and filing of
Commission's procedures for processing post effective
amendments filed by all registered investment companies
Interpretations of rules concerning underwriters by the
Commission's Corporate Finance Division
Commission's decisions on recommendations of advisory
committee regarding commencement of enforcement proceedings and
termination of staff investigations
Commission's interpretation of risk-sharing test in
Commission's statement that short-selling securities
prior to offering date is a possible violation of antifraud and
antimanipulative laws
Commission reaffirms proper accounting treatment to be
followed by a lessee when the lessor is created as a conduit for
Commission's statement to builders and sellers of
condominiums of their obligations under the Securities Act
Commission's policy on the use of “sales literature” in
Investment Company prospectuses
Commission's findings on disclosure of projections of
future economic performance by issuers of publicly traded
Commission's views on reporting cash flow and other
Commission's guidelines on advertising and sales
practices in connection with offers and sales of securities
involving Condominium Units and other Units in real estate
Commission's guidelines on preparation and filing of
Commission's statement on obligations of underwriters
with respect to discretionary accounts
Commission's statement calling attention to requirements
for completing and filing of Form 144
timely and properly file periodic and current reports
Commission's statement on exceptions for filing
registration statements for variable life insurance
Commission's conclusions as to certain problems relating
to the effect of treasury stock transactions on accounting for
Commission requests comments on Accounting Series Release
Statement by the Commission on disclosure of the impact
of possible fuel shortages on the operations of issuers
Commission's statement on disclosure of inventory profits
reflected in income in periods of rising prices
Commission views on disclosure of illegal campaign
Commission views and positions with respect to Rule 145
Commission's practices on reporting of natural gas
Commission's revised position concerning dividend
Commission's guidelines for registration and
Letters of the Division of Corporation Finance with
respect to certain proposed arrangements for the sale of gold
Commission's examples of unusual risks and
Commission's statement on disclosure problems relating to
Commission's guidelines on Accounting Series Release No.
Statements of Investment Policies of Money Market Funds
Relating to Industry Concentration
Publication of guide for preparation of registration
statements relating to interests in real estate limited
Guides for statistical disclosure by bank holding
Registration statements (not including post-effective
Guide for preparation of registration statements relating
to interests in real estate limited partnerships
Commission amends the general instructions to a short
form registration statement
Application of registration requirements to certain
tender offers and the application of tender offer provisions to
certain cash-option mergers
Guide for reports or memoranda concerning
Prospectus delivery requirements in special offerings to
Guides for disclosure of projections of future economic
Commission's statement regarding disclosure of impact of
Wage and Price Standards for 1979 on the operations of
Withdrawal of statement of policy on investment company
Commission recommends certain techniques in drafting
trust indentures to the attention of persons registering
offerings of debt securities under the Securities Act of
No action position respecting public offerings of debt
securities registered on Form S-18 without qualification of an
indenture under the Trust Indenture Act
Disclosure of management remuneration by certain foreign
Amendments to guides for statistical disclosure by bank
Amendments to annual report form, related forms, rules,
regulations and guides; integration of Securities' Acts
Uniform instructions as to financial
statements—regulation S-X
Delayed offerings by foreign governments or political
subdivisions thereof
Procedures utilized by the division of corporation
finance for rendering informal advice
Option and option-related transactions during
Recission of Guides and Redesignation of Industry
Revisions to the Division of Corporation Finance's Guide
5 and Amendment of Related Disclosure Provisions
Continuous and Delayed Offerings by Foreign Governments
or Political Subdivisions thereof
Supplemental disclosures of oil and gas producing
Revision of Financial Statement Requirements and Industry
Guide Disclosure for Bank Holding Companies
Revision of Industry Guide Disclosures for Bank Holding
Rules and Guide for Disclosures Concerning Reserves for
Unpaid Claims and Claim Adjustment Expenses of Property-Casualty
Securities Issued or Guaranteed by United States Branches
or Agencies of Foreign Banks
Amendments to Industry Guide Disclosures by Bank Holding
Statement of the Commission Regarding Disclosure by
Issuers of Interests in Publicly Offered Commodity Pools
Limited Partnership Reorganizations and Public Offerings
of Limited Partnership Interests
Acceptability in Financial Statements of an Accounting
Standard Permitting the Return of a Nonaccrual Loan to Accrual
Status After a Partial Charge-off
Obligations of Municipal Securities Issuers and Others
Amendment of Interpretation Regarding Substantive
Use of Internet Web Sites to Offer Securities, Solicit
Securities Transactions, or Advertise Investment Services
Disclosure of Year 2000 Issues and Consequences by Public
Companies, Investment Advisers, Investment Companies, and
Commission Guidance and Rules to Trading in Security
Commission Guidance Regarding the Public Company
Accounting Oversight Board's Auditing and Related Professional
Practice Standard No. 1
Commission Guidance and Revisions to the Cross-Border
Tender Offer, Exchange Offer, Rights Offerings, and Business
Combination Rules and Beneficial Ownership Reporting Rules for
Certain Foreign Institutions
Commission Guidance Regarding the Financial Accounting
Standards Board's Accounting Standards Codification
Commission Guidance Regarding Disclosure Related to
Commission Guidance on Presentation of Liquidity and
Capital Resources Disclosures in Management's Discussion and
Title 17 published on 2015-04-01The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 17 CFR Part 231 after this date.2015-07-01; vol. 80 # 126 - Wednesday, July 1, 201580 FR 37536 - Commission Guidance Regarding the Definition of the Terms “Spouse” and “Marriage” Following the Supreme Court&apos;s Decision in United States v. Windsor