United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2003_register executive 2010-09-23 article Part III Rules and Regulations D09002ee1c8185e9f D09002ee1c8185fbb United States Securities and Exchange Commission originator org United States Government Agency or Subagency We are adopting rules that clarify the application and prevent evasion of Section 306(a) of the Sarbanes-Oxley Act of 2002. Section 306(a) prohibits any director or executive officer of an issuer of any equity security from, directly or indirectly, purchasing, selling or otherwise acquiring or transferring any equity security of the issuer during a pension plan blackout period that temporarily prevents plan participants or beneficiaries from engaging in equity securities transactions through their plan accounts, if the director or executive officer acquired the equity security in connection with his or her service or employment as a director or executive officer. In addition, the rules specify the content and timing of the notice that issuers must provide to their directors and executive officers and to the Commission about a blackout period. The rules are designed to facilitate compliance with the will of Congress as reflected in Section 306(a), and to eliminate the inequities that may result when pension plan participants and beneficiaries are temporarily prevented from engaging in equity securities transactions through their plan accounts. 68 FR 4338 https://www.govinfo.gov/app/details/FR-2003-01-28/03-1884 03-1884 fr28ja03-17 RIN 3235-AI71 8010-01-P Release No. 34-47225 IC-25909 File No. S7-44-02 https://www.govinfo.gov/app/details/FR-2003-01-28/03-1884 https://www.govinfo.gov/content/pkg/FR-2003-01-28/html/03-1884.htm https://www.govinfo.gov/content/pkg/FR-2003-01-28/pdf/03-1884.pdf Reporting and Recordkeeping Requirements Securities 22 p. 4338 4359 68 FR 4338 Title 17 Part 240 17 CFR Part 240 Title 17 Part 245 17 CFR Part 245 Title 17 Part 249 17 CFR Part 249 RIN 3235-AI71 Insider Trades During Pension Fund Blackout Periods; Federal Register Vol. 68, Issue RULE 03-1884 III SECURITIES AND EXCHANGE COMMISSION 2003-01-26 2003-03-31 Release No. 34-47225 IC-25909 File No. S7-44-02 8010-01-P 03-1884 Final rule.

We are adopting rules that clarify the application and prevent evasion of Section 306(a) of the Sarbanes-Oxley Act of 2002. Section 306(a) prohibits any director or executive officer of an issuer of any equity security from, directly or indirectly, purchasing, selling or otherwise acquiring or transferring any equity security of the issuer during a pension plan blackout period that temporarily prevents plan participants or beneficiaries from engaging in equity securities transactions through their plan accounts, if the director or executive officer acquired the equity security in connection with his or her service or employment as a director or executive officer. In addition, the rules specify the content and timing of the notice that issuers must provide to their directors and executive officers and to the Commission about a blackout period. The rules are designed to facilitate compliance with the will of Congress as reflected in Section 306(a), and to eliminate the inequities that may result when pension plan participants and beneficiaries are temporarily prevented from engaging in equity securities transactions through their plan accounts.

Effective Date: January 26, 2003. Compliance Date: Issuers must comply with Sec. 245.104(b)(3)(i) and (iii) of Regulation BTR beginning March 31, 2003. Mark A. Borges, Special Counsel, Office of Rulemaking, at (202) 942-2910, or Anne Krauskopf, Special Counsel, Office of Chief Counsel, at (202) 942-2900, at the Division of Corporation Finance, United States Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0312. Reporting and Recordkeeping Requirements Securities Securities: Sarbanes-Oxley Act of 2002; implementation Pension fund blackout periods; insider trades restriction, http://www.sec.gov Vol. 68, no. 18 Office of the Federal Register, National Archives and Records Administration 2003-01-28 continuing daily deposited born digital 296 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2003-01-28 P0b002ee1809e8df1 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr28ja03 https://www.govinfo.gov/app/details/FR-2003-01-28 https://www.govinfo.gov/content/pkg/FR-2003-01-28/pdf/FR-2003-01-28.pdf https://www.govinfo.gov/content/pkg/FR-2003-01-28/xml/FR-2003-01-28.xml fdlp 4075 4359 DGPO 2010-09-23 2024-06-07 FR-2003-01-28 machine generated eng FR FR-2003-01-28 68 18