17 C.F.R. § 240.3a4-6 Exemption from the definition of “broker” for banks that execute transactions in investment company securities through NSCC Mutual Fund Services.
Title 17 - Commodity and Securities Exchanges
A bank that meets the conditions for an exception or exemption from the definition of the term “broker,” except for the condition in Section 3(a)(4)(C)(i) of the Act (15 U.S.C. 78c(a)(4)(C)(i)), is exempt from such condition solely for transactions in investment company securities effected through the National Securities Clearing Corporation's Mutual Fund Services. [66 FR 27796, May 18, 2001]
Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
Subpart A—Rules and Regulations Under the Securities Exchange Act of 1934
Rules of General Application
§ 240.3a4-6 Exemption from the definition of “broker” for banks that execute transactions in investment company securities through NSCC Mutual Fund Services.
