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

Regulations last checked for updates: Feb 09, 2026

Title 17 - Commodity and Securities Exchanges last revised: Jan 29, 2026

View all text of Part 247 [§ 247.100 - § 247.781]

§ 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.

authority: 15 U.S.C.78c,78

source: 72 FR 56554, Oct. 3, 2007, unless otherwise noted.

cite as: 17 CFR 247.781