Authority, purpose, and scope.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) This part does not preclude any exchange, national securities association, or creditor from imposing additional requirements or taking action for its own protection. (3) This part does not apply to: (i) Financial relations between a customer and a creditor to the extent that they comply with a portfolio margining system under rules approved or amended by the SEC; (ii) Credit extended by a creditor based on a good faith determination that the borrower is an exempted borrower; (iii) Financial relations between a customer and a broker or dealer registered only under section 15C of the Act; and (iv) Financial relations between a foreign branch of a creditor and a foreign person involving foreign securities.

official document · source cfr-2024 · id 12:§ 220.1