1. Regulations
  2. title 13
  3. chapter I
  4. part 107
  5. subpart C
  6. subjgrp 36
  7. § 107.250

View all text of Subjgrp 36 [§ 107.200 - § 107.250]

§ 107.250 - Exclusion of stock options issued by Licensee from Management Expenses.

Stock options issued by any Licensee, including a 1940 or 1980 Act Company, are not considered compensation and therefore do not count as part of a Licensee's Management Expenses.

AUTHORITY: 15 U.S.C. 662, 681-687, 687b-h, 687k-m.

SOURCE: 61 FR 3189, Jan. 31, 1996, unless otherwise noted.

CITE AS: 13 CFR 107.250