31 CFR § 515.206 - Exempt transactions.

Date issued: Jan. 27 2016

You've hit a wall. Sign in if you have an account, learn more about TURBOFAC and subscription options, or purchase access to the text of the document on this page, the native .pdf file, and the associated TURBOFAC original commentary.
TURBOFAC is a module of the compliance platform OverRuled. To learn more about OverRuled, visit www.overruled.com.

TURBOFAC Commentary (1296 words)

Notes:

*Refer to Notes Common to the "Information or informational materials" Definitional Provision (System Ed. Note) for discussion of the scope of the term "Informational materials"

1) INFORMATIONAL MATERIALS

a) The scope of the informational materials exemption of the sort found here has been interpreted identically across programs. The Research System contains over 100 guidance letters, interpretive rulings, FAQs and other documents addressing the various interpretive issues that have come up with regard to the exemption. Refer to, e.g. Examples of the “Substantive or Artistic Alteration or Enhancement” and “Fully Created and in Existence” Standards, Notes Common to the "Information or informational materials" Definitional Provision, Notable Applications of the Definition of "Information or Informational Materials" and Examples of Transactions Exempt as Incident to Underlying Informational Materials Transactions.
...