Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 17 - Commodity and Securities Exchanges |
Chapter II - Securities and Exchange Commission |
Part 250 - Cross-Border Antifraud Law-Enforcement Authority |
Service, Sales and Construction Contracts |
§ 250.86 - Prohibition of unauthorized transactions by subsidiaries.
Latest version.
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Except as authorized by rule, regulation, or order of the Commission, no subsidiary company (including a mutual service company) of a registered holding company shall—whether or not pursuant to a contract heretofore or hereafter entered into—perform any service or construction for, or sell any goods to, any associate company thereof, or enter into any contract to do so.