Are contributions to national, state or local political parties covered by the rule?
Any such contributions would not trigger the prohibition on business portion of the rule (section (b)) unless such entities are used as a conduit to indirectly contribute to an issuer official, which is prohibited by section (d) of the rule. However, contributions to state or local political parties must be recorded under Rule G-8(a)(xvi) and disclosed in summary form under Rule G‑37(e), except for those contributions which meet the de minimis exemption. See also Rule G-37(e).
Related Questions
- Could contributions to a non-dealer associated PAC or payments to a state or local political party lead to a ban on municipal securities business with an issuer under Rule G-37?
- The Election Commission has recognised some political parties as National parties and some others as State Parties. How many are National and how many are State parties ?
- What is the procedure for sponsoring candidates by National/ State Political Parties?
