1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter II - FEDERAL RESERVE SYSTEM
  4. Subchapter A - BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
  5. Part 218 - EXCEPTIONS FOR BANKS FROM THE DEFINITION OF BROKER IN THE SECURITIES EXCHANGE ACT OF 1934 (REGULATION R)
  6. 12 CFR § 218.781
12 CFR § 218.781
Exemption from the definition of “broker” for banks for a limited period of time
November 10, 2020
CFR

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.

Previous
§ 218.760 Exemption from definition of “broker” for banks accepting orders to effect transactions in securities from or on behalf of custody accounts
Next
§ 218.771 Exemption from the definition of “broker” for banks effecting transactions in securities issued pursuant to Regulation S

Tried the LawStack mobile app?

Join thousands and try LawStack mobile for FREE today.

  • Carry the law offline, wherever you go.
  • Download CFR, USC, rules, and state law to your mobile device.

Designed and built by Tekk Innovations LLC, the makers of the LawStack iPhone app or Android app.

© 2020 Tekk Innovations LLC