WitrynaExamples of Narrow-Based Security Index in a sentence The term “Broad-Based” means a fund or index that does not have the characteristics to be defined as a … Witryna(iii) any narrow-based security index that includes any of those issuing entities or their securities (including any interest therein or based on the value thereof). To the extent a person holds a position in security-based swaps based on a narrow-based security index, that position is both a Security-Based Swap Position with respect to the ...

17 CFR § 240.3a68-3 - Meaning of “narrow-based security index” …

WitrynaThe SEC has jurisdiction over Security-Based Swaps: All swaps based on a single security or loan, a narrow-based security index (generally, an index or basket composed of nine or fewer securities), and credit default swaps on a single loan or security or issuers of securities in a narrow-based securities index. Witryna19 lis 2012 · A volatility index is a narrow-based security index unless it meets all of the following criteria (in which case, it is a “broad-based” volatility index): it measures the magnitude of changes (as calculated in accordance with the Commissions’ criteria) in the level of an underlying index that is not a narrow-based security index; ... how to use pdf tools

Narrow Based Indexes financial definition of Narrow Based Indexes

Witryna15 kwi 2024 · The narrow-based formula provides a greater number of additional shares of common stock to be issued to the holders of preferred stock upon conversion than under the broad-based formula. WitrynaNarrow-Based Generally referring to an index , it indicates that the index is composed of only a few stocks, generally in a specific industry group. See also broad-based . Witryna(a) In general. Except as otherwise provided in § 240.3a68-1a and § 240.3a68-1b, for purposes of section 3(a)(68) of the Act (15 U.S.C. 78c(a)(68)), the term narrow-based security index has the meaning set forth in section 3(a)(55) of the Act (15 U.S.C. 78c(a)(55)), and the rules, regulations, and orders of the Commission thereunder. (b) … how to use pdftk