; or (C) except as provided in paragraph (2), involve a purchase or sale of equity securities that satisfies the conditions under section 240.10b5–1(c) of title 17, Code of Federal Regulations, or any successor regulation; (2) may not exempt from those rules a transaction made by an executive officer or director of an issuer under a plan that— (A) is described in section 240.10b5–1(c)(1)(i)(A)(3) of title 17, Code of Federal Regulations, or any successor regulation; and (B) was adopted— (i) with respect to an event described in sections 1 through 6 of Form 8–K, during the period beginning on the date on which the event occurred and ending on the date on which the issuer files or furnishes a current report on Form 8–K with respect to the event; and (ii) with respect to an event described in section 7 or 8 of Form 8–K, during the period beginning on the date on which the issuer determines that the issuer will disclose the event and ending on the date on which the issuer files or furnishes a current report on Form 8–K with respect to the event; and (3) shall exempt from those rules— (A) issuers that are required to adopt and administer a code of ethics under section 270.17j–1 of title 17, Code of Federal Regulations, or any successor regulation; (B) any other issuer that is registered under the Investment Company Act of 1940 ( 15 U.S.C. 80a–1 et seq.) and the investment advisers of which are required to adopt and administer a code of ethics under section 275.204A–1 of title 17, Code of Federal Regulations, or any successor regulation; and (C) any event— (i) that is described in any of sections 1 through 6 of Form 8–K