# Passive Foreign Investment Companies; Definition of Marketable Stock
> **IRS** · Final regulations. · Published 2000-01-25 · Effective 2000-01-25 · 65 FR 3817
## Document
- **Document number:** 00-1530
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 65 FR 3817
- **CFR reference:** 26 CFR 1
- **Publication date:** 2000-01-25
- **Effective date:** 2000-01-25
- **Treasury docket:** TD 8867
## Abstract

This document contains final regulations under section 1296 relating to the new mark-to-market election for stock of a passive foreign investment company (PFIC). The final regulations interpret changes made by the Taxpayer Relief Act of 1997. The final regulations affect persons holding PFIC stock that is regularly traded on certain U.S. or foreign exchanges or markets or holding stock in certain PFICs comparable to U.S. regulated investment companies (RICs).

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2000/01/25/00-1530/passive-foreign-investment-companies-definition-of-marketable-stock)
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