{"data":{"id":"us/17-cfr-240.16c-4","jurisdiction":"us","citation":"17 CFR 240.16c-4","heading":"c-4 Derivative securities.","body":"Establishing or increasing a put equivalent position shall be exempt from section 16(c) of the Act, so long as the amount of securities underlying the put equivalent position does not exceed the amount of underlying securities otherwise owned.","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":"091e5720cff702254ffb86773b71223be3a736bc57a739553fc86a0a77ad67f1","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-240.16c-3","next":"us/17-cfr-240.16e-1"},"notice":"GroundRules: Original legal text. Not legal advice."}