17 C.F.R. § 4.32 Trading on a Registered Derivatives Transaction Execution Facility for Non-Institutional Customers.
Title 17 - Commodity and Securities Exchanges
(a) A registered commodity trading advisor may enter trades on or subject to the rules of a registered derivatives transaction execution facility on behalf of a client who does not qualify as an “institutional customer” as defined in §1.3(g) of this chapter, provided that the trading advisor: (1) Directs the client's commodity interest account; (2) Directs accounts containing total assets of not less than $25,000,000 at the time the trade is entered; and (3) Discloses to the client that the trading advisor may enter trades on or subject to the rules of a registered derivatives transaction execution facility on the client's behalf. (b) The commodity interest account of a client described in paragraph (a) of this section must be carried by a registered futures commission merchant. [66 FR 53522, Oct. 23, 2001]
Title 17: Commodity and Securities Exchanges
PART 4—COMMODITY POOL OPERATORS AND COMMODITY TRADING ADVISORS
Subpart C—Commodity Trading Advisors
§ 4.32 Trading on a Registered Derivatives Transaction Execution Facility for Non-Institutional Customers.
