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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter I - Comptroller of the Currency, Department of the Treasury |
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Part 151 - Recordkeeping and Confirmation Requirements for Securities Transactions |
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Subpart B - Content and Timing of Notice |
§ 151.80 - How do I provide a registered broker-dealer confirmation?
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§ 151.80 How do I provide a registered broker-dealer confirmation?
(a) If you elect to satisfy § 151.70 by providing the customer with a registered broker-dealer confirmation, you must provide the confirmation by having the registered broker-dealer send the confirmation directly to the customer or by sending a copy of the registered broker-dealer's confirmation to the customer within one business day after you receive it.
(b) If Unless you have determined remuneration in a written agreement with the customer, if you have received or will receive remuneration from any source, including the customer, in connection with the transaction, you must provide a statement of the source and amount of the remuneration in addition to the registered broker-dealer confirmation described in paragraph (a) of this section.
[76 FR 49008, Aug. 9, 2011, as amended at 82 FR 8110, Jan. 23, 2017]