Reg. § 1.1092(d)-1(a)

actively traded: there is an established financial market for the property

UNDECIDED

0 of 2 settled

  1. 1

    Reg. § 1.1092(d)-1(a) Ambiguous

    ALL OF

    Reg. § 1.1092(d)-1(a) says actively traded personal property includes property with an established financial market: a safe harbor, not the only way. Property traded on no market listed in (b)(1) may still be actively traded; no authority found that says when

    “any personal property for which there is an established financial market”

    Step 2 an established financial market UNDECIDED

  2. 2

    Reg. § 1.1092(d)-1(b)(1) Ambiguous

    an established financial market

    ANY OF

    The list ends in and, but it enumerates markets each of which is an established financial market (includes); drawn as any of

    “A national securities exchange that is registered under section 6 of the Securities Exchange Act of 1934 (15 U.S.C. 78f)” Reg. § 1.1092(d)-1(b)(1)(i)
    “An interdealer quotation system sponsored by a national securities association registered under section 15A of the Securities Exchange Act of 1934” Reg. § 1.1092(d)-1(b)(1)(ii)
    “A domestic board of trade designated as a contract market by the Commodities Futures Trading Commission” Reg. § 1.1092(d)-1(b)(1)(iii)
    “A foreign securities exchange or board of trade that satisfies analogous regulatory requirements under the law of the jurisdiction in which it is organized” Reg. § 1.1092(d)-1(b)(1)(iv)
    “An interbank market” Reg. § 1.1092(d)-1(b)(1)(v)
    “An interdealer market (as defined in paragraph (b)(2)(i) of this section)” Reg. § 1.1092(d)-1(b)(1)(vi)
    “Solely with respect to a debt instrument, a debt market (as defined in paragraph (b)(2)(ii) of this section)” Reg. § 1.1092(d)-1(b)(1)(vii)