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

Regulations last checked for updates: Nov 23, 2024

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

View all text of Part 218 [§ 218.100 - § 218.781]

§ 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.

authority: 15 U.S.C. 78c(a)(4)(F)

source: Reg. R, 72 FR 56554, Oct. 3, 2007, unless otherwise noted.

cite as: 12 CFR 218.781