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

Latest Version
Updated Versions
- Tuesday, November 1, 2011
- Tuesday, January 1, 2008
Related Notices
- 96-28359. Final rule. 96-28359. Relations With Dealers in Securities Under Section 32, Banking Act of 1933; Miscellaneous Interpretations

Latest version.

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

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.

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

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