{"data":{"id":"us/17-cfr-240.12a-7","jurisdiction":"us","citation":"17 CFR 240.12a-7","heading":"a-7 Exemption of stock contained in standardized market baskets from section 12(a) of the Act.","body":"(a) Any component stock of a standardized market basket shall be exempt from the registration requirement of section 12(a) of the Act, solely for the purpose of inclusion in a standardized market basket, provided that all of the following terms and conditions are met:\n(1) The standardized market basket has been duly approved by the Commission for listing on a national securities exchange pursuant to the requirements of section 19(b) of the Act; and\n(2) The stock is an NMS stock as defined in § 242.600 of this chapter and is either:\n(i) Listed and registered for trading on a national securities exchange by the issuer or\n(ii) Quoted on the National Association of Securities Dealers Automated Quotation System;\n(b) When used in this rule, the term standardized market basket means a group of at least 100 stocks purchased or sold in a single execution and at a single trading location with physical delivery and transfer of ownership of each component stock resulting from such execution.","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":"ea9c1030cdc2e3659649da72a6a61f34ff122f8492ed17f7ffb8d7f2d9488071","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-240.12a-6","next":"us/17-cfr-240.12a-8"},"notice":"GroundRules: Original legal text. Not legal advice."}