Text
Title 17: Commodity and Securities Exchanges
CHAPTER I: COMMODITY FUTURES TRADING COMMISSION
PART 1: GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT
: Customers' Money, Securities, and Property
1.30 - Loans by futures commission merchants; treatment of proceeds.
Nothing in these regulations shall prevent a futures commission merchant from lending its own funds to commodity or option customers on securities and property pledged by such commodity or option customers, or from repledging or selling such securities and property pursuant to specific written agreement with such commodity or option customers. The proceeds of such loans used to purchase, margin, guarantee, or secure the trades, contracts, or commodity options of commodity or option customers shall be treated and dealt with by a futures commission merchant as belonging to such commodity or option customers, in accordance with and subject to the provisions of section 4d(a)(2) of the Act and these regulations.
[46 FR 54520, Nov. 3, 1981, as amended at 69 FR 41426, July 9, 2004]
Sponsored links
