Source: https://www.law.cornell.edu/cfr/text/17/1.55
Timestamp: 2019-09-21 23:40:07
Document Index: 627149225

Matched Legal Cases: ['§ 1', 'art 1', '§ 1', '§ 1', '§ 33', '§ 1', '§ 33', '§ 1', '§ 33', '§ 1', '§ 1', '§ 1', '§ 30', '§ 1']

17 CFR § 1.55 - Public disclosures by futures commission merchants. | CFR | US Law | LII / Legal Information Institute
Part 1. GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT
Subjgrp 6. Miscellaneous
Section 1.55. Public disclosures by futures commission merchants.
17 CFR § 1.55 - Public disclosures by futures commission merchants.
(d) Any futures commission merchant, or in the case of an introduced account any introducing broker, may open a commodity futures account for a customer without obtaining the separate acknowledgments of disclosure and elections required by this section and by § 1.33(g), and by §§ 33.7 and 190.06 of this chapter, provided that:
(1) Prior to the opening of such account, the futures commission merchant or introducing broker obtains an acknowledgement from the customer, which may consist of a single signature at the end of the futures commission merchant's or introducing broker's customer account agreement, or on a separate page, of the disclosure statements, consents and elections specified in this section and § 1.33(g), and in §§ 33.7, 155.3(b)(2), 155.4(b)(2), and 190.06 of this chapter, and which may include authorization for the transfer of funds from a segregated customer account to another account of such customer, as listed directly above the signature line, provided the customer has acknowledged by check or other indication next to a description of each specified disclosure statement, consent or election that the customer has received and understood such disclosure statement or made such consent or election; and
(2) The acknowledgment referred to in paragraph (d)(1) of this section is accompanied by and executed contemporaneously with delivery of the disclosures and elective provisions required by this section and § 1.33(g), and by §§ 33.7 and 190.06 of this chapter.
(e) The acknowledgment required by paragraph (a) of this section must be retained by the futures commission merchant or introducing broker in accordance with § 1.31.
(f) A futures commission merchant or, in the case of an introduced account, an introducing broker, may open a commodity futures account for an “institutional customer” as defined in § 1.3 without furnishing such institutional customer the disclosure statements or obtaining the acknowledgments required under paragraph (a) of this section §§ 1.33(g) and 1.65(a)(3), and §§ 30.6(a), 33.7(a), 155.3(b)(2), 155.4(b)(2) and 190.10(c) of this chapter.
(k)Specific topics. The futures commission merchant shall provide material information about the following specific topics:
For Federal Register citations affecting § 1.55, see the List of CFR Sections Affected, which appears in the Finding Aids section of the printed volume and at www.govinfo.gov.