# 17 CFR § 230.240: Exemption for certain security-based swaps

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-17-230.240

## Section

- **Citation:** 17 CFR § 230.240
- **Heading:** Exemption for certain security-based swaps
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 17—Commodity and Securities Exchanges > CHAPTER II—SECURITIES AND EXCHANGE COMMISSION > PART 230—GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933 > Regulation A-R—Special Exemptions

## Text

(a) Except as expressly provided in paragraph (b) of this section, the Act does not apply to the offer or sale of any security-based swap that is:
(1) A security-based swap agreement, as defined in Section 2A of the Act (15 U.S.C. 77b(b)-1) as in effect prior to July 16, 2011; and
(2) Entered into between eligible contract participants (as defined in Section 1a(12) of the Commodity Exchange Act (7 U.S.C. 1a(12)) as in effect prior to July 16, 2011, other than a person who is an eligible contract participant under Section 1a(12)(C) of the Commodity Exchange Act as in effect prior to July 16, 2011).
(b) The exemption provided in paragraph (a) of this section does not apply to the provisions of Section 17(a) of the Act (15 U.S.C. 77q(a)).
(c) This section will expire on February 11, 2018.
[82 FR 10707, Feb. 15, 2017]

## Nearby sections

- [17 CFR § 230.236 § 230.236 Exemption of shares offered in connection with certain transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.236.md)
- [17 CFR § 230.237 § 230.237 Exemption for offers and sales to certain Canadian tax-deferred retirement savings accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.237.md)
- [17 CFR § 230.238 § 230.238 Exemption for standardized options.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.238.md)
- [17 CFR § 230.239 § 230.239 Exemption for offers and sales of certain security-based swaps.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.239.md)
- [17 CFR § 230.240 § 230.240 Exemption for certain security-based swaps.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.240.md)
- [17 CFR § 230.241 § 230.241 Solicitations of interest.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.241.md)
- [17 CFR § 230.251 § 230.251 Scope of exemption.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.251.md)
- [17 CFR § 230.252 § 230.252 Offering statement.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.252.md)
- [17 CFR § 230.253 § 230.253 Offering circular.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.253.md)
- [17 CFR § 230.254 § 230.254 Preliminary offering circular.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.254.md)
- [17 CFR § 230.255 § 230.255 Solicitations of interest and other communications.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.255.md)
- [17 CFR § 230.256 § 230.256 Definition of “qualified purchaser”.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.256.md)
- [17 CFR § 230.257 § 230.257 Periodic and current reporting; exit report.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.257.md)
- [17 CFR § 230.258 § 230.258 Suspension of the exemption.](https://www.frixlaw.com/law-library/statutes/ecfr-17-230.258.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-17-230.240. Check the current official text before relying on it. Not legal advice.