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Title 17 Part 240 → §240.15ba1-3

Title 17 → Chapter II → Part 240 → §240.15ba1-3

Electronic Code of Federal Regulations e-CFR

Title 17 Part 240 → §240.15ba1-3

e-CFR data is current as of August 15, 2019

Title 17Chapter IIPart 240 → §240.15ba1-3


Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934


§240.15Ba1-3   Exemption of certain natural persons from registration under section 15B(a)(1)(B) of the Act.

A natural person municipal advisor shall be exempt from section 15B(a)(1)(B) of the Act (15 U.S.C. 78o-4(a)(1)(B)) if he or she:

(a) Is an associated person of an advisor that is registered with the Commission pursuant to section 15B(a)(2) of the Act (15 U.S.C. 78o-4(a)(2)) and the rules and regulations thereunder; and

(b) Engages in municipal advisory activities solely on behalf of a registered municipal advisor.

[78 FR 67633, Nov. 12, 2013]