Issued by FDIC
Sec. 218.781 Exemption from the definition of "broker" for banks for a limited period of time.
A bank is exempt from the definition of the term ‘‘broker’’ under section 3(a)(4) of the Act (15 U.S.C. 78c(a)(4)) until the first day of its first fiscal year commencing after September 30, 2008.
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