Text
TITLE 17 - COMMODITY AND SECURITIES EXCHANGES
CHAPTER II - SECURITIES AND EXCHANGE COMMISSION
PART 240 - GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
subpart a - RULES AND REGULATIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934
240.3a4 - 3 - Exemption from the definition of “broker” for bank effecting transactions as an indenture trustee in a no - load money market fund.
A bank that meets the conditions for exception from the definition of the term broker under Section 3(a)(4)(B)(ii) of the Act (15 U.S.C. 78c(a)(4)(B)(ii)), except for the chiefly compensated condition in Section 3(a)(4)(B)(ii)(I) of the Act (15 U.S.C. 78c(a)(4)(B)(ii)(I)), is exempt from the definition of the term broker under Section 3(a)(4) of the Act (15 U.S.C. 78c(a)(4)) solely for effecting transactions as an indenture trustee in a no-load money market fund, as defined in 240.3b17(f) and 240.3b17(e), respectively.
[66 FR 27796, May 18, 2001]
Sponsored links
