Definitions.

CFR · 2024-01-01 · US · Title 12

In addition to the definitions in this section, for purposes of this part, the following terms have the same meaning as in the Commodity Exchange Act: “Affiliated person of a futures commission merchant”; “associated person”; “contract of sale”; “commodity”; “eligible contract participant”; “futures commission merchant”; “future delivery”; “option”; “security”; and “security futures product”. (1) A national bank; (2) A Federal branch or agency of a foreign bank, each as defined in 12 U.S.C. 3101; and (3) An operating subsidiary of a national bank or an operating subsidiary of a Federal branch or agency of a foreign bank. (1) Any general partner, officer, director, or owner of 10 percent or more of the capital stock of the retail forex counterparty; (2) An associated person or employee of the retail forex counterparty, if the retail forex counterparty is not a national bank; (3) An IAP of the retail forex counterparty, if the retail forex counterparty is a national bank; and (4) A relative or spouse of any of the foregoing persons, or a relative of such spouse, who shares the same home as any of the foregoing persons. (1) A national bank; (2) A retail foreign exchange dealer; (3) A futures commission merchant; and (4) An affiliated person of a futures commission merchant. (1) The national bank; (2) An officer, director, or owner of 10 percent or more of the capital stock of the national bank; or (3) An employee of the national bank, whose duties include: (i) The management of

official document · source cfr-2024 · id 12:§ 48.2