Exclusion of stock options issued by Licensee from Management Expenses.
13 C.F.R. § 107.250
in effectEffective: 2024-07-01Stock options issued by any Licensee, including a 1940 or 1980 Act Company, are not considered compensation and therefore do not count as part of a Licensee's Management Expenses.
Source: eCFRURL: https://www.ecfr.gov/api/versioner/v1/full/2024-07-01/title-13.xmlFetched: 7/26/2026