17 CFR 227.401 - Exemption.

Regulations last checked for updates: Nov 22, 2024

Title 17 - Commodity and Securities Exchanges last revised: Nov 19, 2024

View all text of Subpart D [§ 227.400 - § 227.404]

§ 227.401 - Exemption.

A funding portal that is registered with the Commission pursuant to § 227.400 is exempt from the broker registration requirements of section 15(a)(1) of the Exchange Act (15 U.S.C. 78o(a)(1)) in connection with its activities as a funding portal.

authority: 15 U.S.C. 77d,77d,77s,77z,78c,78o,78q,78w,78mm,and. L. 112-106, secs. 301-305, 126 Stat. 306 (2012)

source: 80 FR 71537, Nov. 16, 2015, unless otherwise noted.

cite as: 17 CFR 227.401