§802.9. Acquisition solely for the purpose of investment.
16 C.F.R. § 802.9
An acquisition of voting securities shall be exempt from the requirements of the act pursuant to section 7A(c)(9) if made solely for the purpose of investment and if, as a result of the acquisition, the acquiring person would hold ten percent or less of the outstanding voting securities of the issuer, regardless of the dollar value of voting securities so acquired or held.
Notes, amendments, and revision history
Amendments
[43 FR 33544, July 31, 1978, as amended at 66 FR 8693, Feb. 1, 2001; 70 FR 4994, Jan. 31, 2005]
Authority
Authority: 15 U.S.C. 18a(d).
Source
Source: 43 FR 33544, July 31, 1978, unless otherwise noted.
Amendments
[43 FR 33544, July 31, 1978, as amended at 66 FR 8693, Feb. 1, 2001; 70 FR 4994, Jan. 31, 2005]