yourstate.us
Home / United States / 17 CFR
17 CFR 227.401

§ 227.401 Exemption.

United States · 17 CFR — Commodity and Securities Exchanges · Status: effective

Get this as JSONEmbed this
Cite this
Citation
17 CFR 227.401, § 227.401 Exemption, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/68392
Permanent ID
ys:prov:68392@1
SHA-256
813e596838657bfa136fb77de4c67f18c599764013a21c116b5d1b2418519eac

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

A funding portal that is registered with the Commission pursuant to § 227.400 is exempt from the broker registration requirements of section 15(a)(1) of the Exchange Act (15 U.S.C. 78o(a)(1)) in connection with its activities as a funding portal.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.