17 CFR § 270.17a-4 - Exemption of transactions pursuant to certain contracts.

---
identifier: "/us/cfr/t17/s270.17a-4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 270.17a-4 - Exemption of transactions pursuant to certain contracts."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "270.17a-4"
section_name: "Exemption of transactions pursuant to certain contracts."
chapter_name: "SECURITIES AND EXCHANGE COMMISSION"
part_number: "270"
part_name: "RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940"
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. 80a-1  80a-34(d), 80a-37, 80a-39, 1681w(a)(1), 6801-6809, 6825, and Pub. L. 111-203, sec. 939A, 124 Stat. 1376 (2010), unless otherwise noted."
cfr_part: "270"
---


# 270.17a-4 Exemption of transactions pursuant to certain contracts.

Transactions pursuant to a contract shall be exempt from section 17(a) of the Act if at the time of the making of the contract and for a period of at least six months prior thereto no affiliation or other relationship existed which would operate to make such contract or the subsequent performance thereof subject to the provisions of said section 17(a).

[Rule N-17A-4, 12 FR 5008, July 29, 1947]