Title 17

SECTION 247.781

247.781 Exemption from the definition of “broker” for banks for a limited period of time.

§ 247.781 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.

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