Source: https://www.law.cornell.edu/cfr/text/17/405.1
Timestamp: 2017-06-26 00:33:00
Document Index: 764739605

Matched Legal Cases: ['art 405', '§ 405', '§ 240', '§ 405', 'art 402', '§ 402', 'art 402', '§ 402', 'art 405']

17 CFR 405.1 - Application of part to registered brokers and dealers and to financial institutions; transition rule. | US Law | LII / Legal Information Institute
CFR › Title 17 › Chapter IV › Subchapter A › Part 405 › Section 405.1 17 CFR 405.1 - Application of part to registered brokers and dealers and to financial institutions; transition rule.
(b) A government securities broker or dealer that is a financial institution and is subject to financial reporting rules of its appropriate regulatory agency is exempt from the provisions of §§ 405.2 and 405.3. (c) This part shall be effective July 25, 1987, Provided however,
(1) That registered government securities brokers or dealers shall first be required to file the reports required by § 240.17a-5(a), by virtue of § 405.2, for the month and the quarter during which they were first required to comply with part 402 of this chapter other than the interim liquid capital requirements of § 402.1(f); but that (2) For any quarter ending prior to the quarter during which they were first required to comply with part 402 of this chapter other than the interim liquid capital requirements of § 402.1(f), registered government securities brokers or dealers shall file with the designated examining authority for such registered broker or dealer, within 17 business days after the close of the quarter, an unaudited balance sheet (with appropriate notes) for such quarter, prepared in accordance with generally accepted accounting principles.
[ 52 FR 27954, July 24, 1987, as amended at 71 FR 54411, Sept. 15, 2006]
Title 17 published on 09-May-2017 03:50The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 17 CFR Part 405 after this date.2014-07-08; vol. 79 # 130 - Tuesday, July 8, 201479 FR 38451 - Government Securities Act Regulations; Replacement of References to Credit Ratings and Technical Amendments