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17 C.F.R. § 401.7   Temporary exemption for certain government securities brokers and dealers terminating business on or before October 31, 1987.

Title 17: Commodity and Securities Exchanges
PART 401—EXEMPTIONS

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§ 401.7   Temporary exemption for certain government securities brokers and dealers terminating business on or before October 31, 1987.

During the period ending October 31, 1987, a government securities broker or dealer shall be exempt from the provisions of section l5C (a), (b), and (d) of the Act (15 U.S.C. 78o–5(a), (b), (d)) and the regulations of this subchapter if:

(a) Its government securities broker or dealer activities are limited to the performance of contractual obligations entered into prior to July 25, 1987;

(b) It is the subsidiary or affiliate of a government securities broker or dealer that has registered or given notice pursuant to section 15C(a)(1) of the Act (15 U.S.C. 78o–5(a)(1)); and

(c) It ceases all government securities broker or dealer activities on or before October 31, 1987.