Proposed Rule
Purchases of Certain Equity Securities by the Issuer and Others
Overview
The Securities and Exchange Commission ("Commission' or "SEC') is proposing amendments to Rule 10b-18 under the Securities Exchange Act of 1934 ("Exchange Act'), which provides issuers with a "safe harbor' from liability for manipulation when they repurchase their common stock in the market in accordance with the Rule's manner, timing, price, and volume conditions. The proposed amendments are intended to clarify and modernize the safe harbor provisions in light of market developments since Rule 10b-18's adoption in 1982.
Resources
Details
Public Comments Due
March 1, 2010
File Number
S7-04-10
Rule Type
Proposed
Release Number
34-61414
SEC Issue Date
Jan. 26, 2010
Federal Register Publish Date
Jan. 29, 2010
Document Citation
75 FR 4713
RIN
3235-AH37
Public Comments