# Revision of Rule Concerning Holding Period and Disclosure Requirements for Members' and Employees' Investment Company Transactions
> **US Securities and Exchange Commission** · Final rule. · Published 2004-04-20 · Effective 2004-05-20 · 69 FR 21057
## Document
- **Document number:** 04-8890
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 69 FR 21057
- **CFR reference:** 17 CFR 200
- **Publication date:** 2004-04-20
- **Effective date:** 2004-05-20
- **Docket:** Release No. 34-49562
## Abstract

The Securities and Exchange Commission is amending its rule covering member and employee securities transactions. The amended rule updates the definition of money market fund; removes the exception to the six-month holding period for shares of a unit investment trust having a term of less than six months; requires Commission members and employees to hold investment company shares for a minimum of 30 days before they are permitted to transfer those assets to another registered investment company within the same family of registered investment companies; and requires Commission members and employees to report every purchase or sale of investment company shares, other than money market fund shares.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2004/04/20/04-8890/revision-of-rule-concerning-holding-period-and-disclosure-requirements-for-members-and-employees)
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