17 CFR § 260.4d-12 - Exemption for security-based swaps offered and sold in reliance on Securities Act of 1933 Rule 240 (§ 230.240).

---
identifier: "/us/cfr/t17/s260.4d-12"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 260.4d-12 - Exemption for security-based swaps offered and sold in reliance on Securities Act of 1933 Rule 240 (§ 230.240)."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "260.4d-12"
section_name: "Exemption for security-based swaps offered and sold in reliance on Securities Act of 1933 Rule 240 (§ 230.240)."
chapter_name: "SECURITIES AND EXCHANGE COMMISSION"
part_number: "260"
part_name: "GENERAL RULES AND REGULATIONS, TRUST INDENTURE ACT OF 1939"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 77c, 77ddd, 77eee, 77ggg, 77nnn, 77sss, 78 (d), 80b-3, 80b-4, and 80b-11, unless otherwise noted."
regulatory_source: "5 FR 293, Jan. 25, 1940, unless otherwise noted."
cfr_part: "260"
---


# 260.4d-12 Exemption for security-based swaps offered and sold in reliance on Securities Act of 1933 Rule 240 (§ 230.240).

Any security-based swap offered and sold in reliance on § 230.240 of this chapter, whether or not issued under an indenture, is exempt from the Act. This section will expire on February 11, 2018.

[82 FR 10707, Feb. 15, 2017]