Section 53.4965-3 - Prohibited tax shelter transactions(a)In general. Under section 4965(e), the term prohibited tax shelter transaction means-(1) Listed transactions within the meaning of section 6707A(c)(2), including subsequently listed transactions described in paragraph (b) of this section; and(2) Prohibited reportable transactions, which consist of the following reportable transactions within the meaning of section 6707A(c)(1)-(i) Confidential transactions, as described in § 1.6011-4(b)(3) of this chapter; or(ii) Transactions with contractual protection, as described in § 1.6011-4(b)(4) of this chapter.(b)Subsequently listed transactions. A subsequently listed transaction for purposes of section 4965 is a transaction that is identified by the Secretary as a listed transaction after the tax-exempt entity has entered into the transaction and that was not a prohibited reportable transaction (within the meaning of section 4965(e)(1)(C) and paragraph (a)(2) of this section) at the time the entity entered into the transaction.(c)Cross-reference. The determination of whether a transaction is a listed transaction or a prohibited reportable transaction for section 4965 purposes shall be made under the law applicable to section 6707A(c)(1) and (c)(2).(d)Effective/applicability dates. See § 53.4965-9 for the discussion of the relevant effective and applicability dates.T.D. 9492, 75 FR 38702 , July 6, 2010