12 CFR 380.61 - Appointment of receiver and trustee for covered broker or dealer.

Regulations last checked for updates: Nov 22, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Subpart D [§ 380.60 - § 380.67]

§ 380.61 - Appointment of receiver and trustee for covered broker or dealer.

Upon the appointment of the Corporation as receiver for a covered broker or dealer, the Corporation shall appoint SIPC to act as trustee for the covered broker or dealer.

authority: 12 U.S.C. 5385(h); 12 U.S.C. 5389; 12 U.S.C. 5390(s)(3); 12 U.S.C. 5390(b)(1)(C); 12 U.S.C. 5390(a)(7)(D); 12 U.S.C. 5381(b); 12 U.S.C. 5390(r); 12 U.S.C. 5390(a)(16)(D)

source: 76 FR 4215, Jan. 25, 2011, unless otherwise noted.

cite as: 12 CFR 380.61