17 C.F.R. § 3.4 Registration in one capacity not included in registration in any other capacity.
Title 17 - Commodity and Securities Exchanges
(a) Except as may be otherwise provided in the Act or in any rule, regulation, or order of the Commission, each futures commission merchant, floor broker, floor trader, associated person, commodity trading advisor, commodity pool operator, introducing broker, and leverage transaction merchant must register as such under the Act. Registration in one capacity under the Act shall not include registration in any other capacity: Provided, however, That a registered floor broker need not also register as a floor trader in order to engage in activity as a floor trader. (b) Except as may be provided in any rule, regulation or order of the Commission, registration as an associated person in one capacity shall not include registration as an associated person in any other capacity: Provided, however, That an associated person who is sponsored by a registrant, which itself is registered in more than one capacity, need register only once to act as an associated person of the registrant, and shall be deemed to be an associated person of such registrant, in each such capacity. [49 FR 39530, Oct. 9, 1984, as amended at 58 FR 19590, Apr. 15, 1993]
Title 17: Commodity and Securities Exchanges
PART 3—REGISTRATION
Subpart A—Registration
§ 3.4 Registration in one capacity not included in registration in any other capacity.
