{"data":{"id":"us/17-cfr-240.11a1-3-t","jurisdiction":"us","citation":"17 CFR 240.11a1-3(T)","heading":"a1-3(T) Bona fide hedge transactions in certain securities.","body":"A bona fide hedge transaction effected on a national securities exchange by a member for its own account or an account of an associated person thereof and involving a long or short position in a security entitling the holder to acquire or sell an equity security, and a long or short position in one or more other securities entitling the holder to acquire or sell such equity security, shall be deemed to be of a kind which is consistent with the purposes of section 11(a)(1) of the Act, the protection of investors, and the maintenance of fair and orderly markets.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934","Subpart A—Rules and Regulations Under the Securities Exchange Act of 1934"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"32834b1dedc0da92c19b2e5671db7a9d7286f15285b6b3e5b3b28464725202fe","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-240.11a1-2","next":"us/17-cfr-240.11a1-4-t"},"notice":"GroundRules: Original legal text. Not legal advice."}