{"data":{"id":"us/17-cfr-240.16b-1","jurisdiction":"us","citation":"17 CFR 240.16b-1","heading":"b-1 Transactions approved by a regulatory authority.","body":"Any purchase and sale, or sale and purchase, of a security shall be exempt from section 16(b) of the Act, if the transaction is effected by an investment company registered under the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) and both the purchase and sale of such security have been exempted from the provisions of section 17(a) (15 U.S.C. 80a-17(a)) of the Investment Company Act of 1940, by rule or order of the Commission.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 240—GENERAL RULES AND REGULATIONS, 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":"9a000dba52caac149f77025eaf965d31afd8ea6d0287f103bdc5564cfacf9a72","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-240.16a-13","next":"us/17-cfr-240.16b-2"},"notice":"GroundRules: Original legal text. Not legal advice."}