Regulation R-Rule Rule 701. Exemption from the definition of "broker" for certain institutional referrals.

OMB 3235-0624

OMB 3235-0624

Proposed Exchange Act Rule 701 provides a conditional exemption from the definition of “broker” under Exchange Act Section 3(a)(4). This proposed rule would require a broker or dealer (as part of a written agreement between the bank and the broker or dealer) to notify the bank if the broker or dealer makes certain determinations regarding the financial status of the customer, a bank employee’s statutory disqualification status, and compliance with suitability or sophistication standards.

The latest form for Regulation R-Rule Rule 701. Exemption from the definition of "broker" for certain institutional referrals. expires 2022-04-30 and can be found here.


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