17 CFR 170.7
§ 170.7 Membership denial (section 17(b)(9) of the Act).
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 170.7, § 170.7 Membership denial (section 17(b)(9) of the Act), United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/67752
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Full text
A futures association must provide a fair and orderly procedure for processing membership applications and for affording any person to be denied membership an opportunity to submit evidence in response to the grounds for denial stated by the association. The procedures governing denials of membership in the association shall contain, at a minimum, the procedural safeguards contained in section 17(b)(9) of the Act.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.