Authority, purpose, and scope.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) This part does not apply to clearing agencies regulated by the Securities and Exchange Commission or the Commodity Futures Trading Commission that accept deposits of margin stock in connection with: (i) The issuance of, or guarantee of, or the clearance of transactions in, any security (including options on any security, certificate of deposit, securities index or foreign currency); or (ii) The guarantee of contracts for the purchase or sale of a commodity for future delivery or options on such contracts. (3) This part does not apply to credit extended to an exempted borrower. (c)

official document · source cfr-2024 · id 12:§ 221.1