{"data":{"id":"us/17-cfr-270.17d-3","jurisdiction":"us","citation":"17 CFR 270.17d-3","heading":"d-3 Exemption relating to certain joint enterprises or arrangements concerning payment for distribution of shares of a registered open-end management investment company.","body":"An affiliated person of, or principal underwriter for, a registered open-end management investment company and an affiliated person of such a person or principal underwriter shall be exempt from section 17(d) of the Act (15 U.S.C. 80a-17(d)) and rule 17d-1 thereunder (17 CFR 270.17d-1), to the extent necessary to permit any such person or principal underwriter to enter into a written agreement with such company whereby the company will make payments in connection with the distribution of its shares, Provided, That:\n(a) Such agreement is made in compliance with the provisions of § 270.12b-1; and\n(b) No other registered management investment company which is either an affiliated person of such company or an affiliated person of such a person is a party to such agreement.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 270—RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940"],"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":"938841869250698b847697ef56c4ccef4d78f6945b3166a0d869c33035a43720","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-270.17d-2","next":"us/17-cfr-270.17e-1"},"notice":"GroundRules: Original legal text. Not legal advice."}