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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 17 - Commodity and Securities Exchanges |
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Chapter I - Commodity Futures Trading Commission |
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Part 1 - General Regulations Under the Commodity Exchange Act |
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Customers' Money, Securities, and Property |
§ 1.28 - Appraisal of instruments purchased with customer funds.
Latest version.
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§ 1.28 Appraisal of instruments purchased with customer funds.
Futures commission merchants who invest customer funds in instruments described in § 1.25 of this part shall include such instruments in segregated account records and reports at values which at no time exceed current market value, determined as of the close of the market on the date for which such computation is made.
[58 FR 10953, Feb. 23, 1993, as amended at 65 FR 78013, Dec. 13, 2000]