Securities Exchange Act of 1934: Key federal legislation governing securities trading, including Sections 13(e) and 14(e) which regulate share repurchases and tender offers
SEC Rule 10b-18: Provides safe harbor provisions for company share repurchases, including timing, pricing, and volume restrictions
SEC Rule 10b-5: Anti-fraud provisions preventing manipulative or deceptive practices in securities trading
Securities Act of 1933: Fundamental federal securities law requiring registration of securities offerings and anti-fraud provisions
Sarbanes-Oxley Act of 2002: Corporate governance and financial disclosure requirements for public companies
State Corporate Laws: State-specific legislation (e.g., Delaware General Corporation Law) governing corporate actions including share repurchases
Blue Sky Laws: State-specific securities laws regulating the offering and sale of securities to protect investors
Stock Exchange Requirements: NYSE or NASDAQ listing requirements and regulations regarding share repurchases
Federal Reserve Regulations: Requirements regarding capital adequacy and financial stability for share repurchases
GAAP Requirements: Accounting standards and disclosure requirements for share repurchase transactions
Internal Revenue Code: Tax implications and requirements for both the company and selling shareholders in share buyback transactions
Creditor Rights: Uniform Commercial Code and existing loan agreement provisions affecting share repurchases
ERISA: Requirements regarding employee benefit plans and their involvement in share repurchase programs
