# Exemption for the Acquisition of Securities During the Existence of an Underwriting or Selling Syndicate
> **US Securities and Exchange Commission** · Final rule. · Published 2002-05-08 · 67 FR 31076
## Document
- **Document number:** 02-11227
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 67 FR 31076
- **CFR reference:** 17 CFR 270
- **Publication date:** 2002-05-08
- **Docket:** Release No. IC-25560
## Abstract

The Commission is adopting amendments to the rule under the Investment Company Act of 1940 that permits a registered investment company ("fund") that has certain affiliations with an underwriting participant to purchase securities during an offering. The amendments expand the exemption provided by the rule to permit a fund to purchase U.S. government securities in a syndicated offering. These amendments are intended to respond to recent changes in the method of offering certain U.S. government securities.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2002/05/08/02-11227/exemption-for-the-acquisition-of-securities-during-the-existence-of-an-underwriting-or-selling)
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