17 CFR 247.781

§ 247.781 Exemption from the definition of “broker” for banks for a limited period of time.

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

Cite this

Citation: 17 CFR 247.781, § 247.781 Exemption from the definition of “broker” for banks for a limited period of time, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/69617
Permanent ID: ys:prov:69617@1
SHA-256: ce29cb2e0457513fa8bdb5a26273f81dd77ca42b8c57fa94feabf2b33b3858a1

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Full text

A bank is exempt from the definition of the term “broker” under section 3(a)(4) of the Act (15 U.S.C. 78c(a)(4)) until the first day of its first fiscal year commencing after September 30, 2008.

Legislative history

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