# Purchases of Certain Equity Securities by the Issuer and Others
> **US Securities and Exchange Commission** · Final rule. · Published 2003-11-17 · Effective 2003-12-17 · 68 FR 64952
## Document
- **Document number:** 03-28593
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 68 FR 64952
- **CFR reference:** 17 CFR 228
- **Publication date:** 2003-11-17
- **Effective date:** 2003-12-17
- **Docket:** Release Nos. 33-8335
## Abstract

We are adopting amendments to Rule 10b-18 under the Securities Exchange Act of 1934 (Exchange Act), which provides issuers with a "safe harbor" from liability for manipulation when they repurchase their common stock in the market in accordance with the Rule's manner, timing, price, and volume conditions. The amendments are intended to simplify and update the safe harbor provisions in light of market developments since the Rule's adoption. To enhance the transparency of issuer repurchases, we also are adopting amendments to a number of regulations and forms to require disclosure of all issuer repurchases (open market and private transactions), regardless of whether the repurchases are effected in accordance with the safe harbor rule.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2003/11/17/03-28593/purchases-of-certain-equity-securities-by-the-issuer-and-others)
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