Cal. Code Regs. tit. 10 § 260.241

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 260.241 - Books and Records of Broker-Dealers

(a) Unless otherwise provided by order of the Commissioner, every broker-dealer shall make, maintain, and preserve books and records in compliance with U.S. Securities and Exchange Commission rules 15c2-11 (17 CFR 240.15c2-11), 15g-2(c) (17 CFR 240.15g-2(c)), 15g-4(b)(2) (17 CFR 240.15g-4(b)(2)), 15g-5(b)(2) (17 CFR 240.15g-5(b)(2)), 15g-6(f) (17 CFR 240.15g-6(f)), 17a-3 (17 CFR 240.17a-3), and 17a-4 (17 CFR 240.17a-4), all of which are incorporated by reference.

(b) For purposes of the application of the above-referenced U.S. Securities and Exchange Commission rules, "member" shall also mean "broker-dealer" as defined in Corporations Code Section 25004, "associated person" shall also mean "agent" as defined in Corporations Code Section 25003, and "securities regulatory authority" shall also mean the Department of Business Oversight.

Cal. Code Regs. Tit. 10, § 260.241

1. Amendment of subsections (a) (11) and (b) filed 12-31-75 as an emergency; designated effective 1-1-76. Certificate of Compliance included (Register 76, No. 1). For prior history, see Register 75, No. 4.
2. Amendment of subsections (a)(11) and (a)(12)(viii) filed 9-2-77; effective thirtieth day thereafter (Register 77, No. 36).
3. Amendment of subsection (b) filed 6-2-78; effective thirtieth day thereafter (Register 78, No. 22).
4. Amendment filed 4-27-84; effective thirtieth day thereafter (Register 84, No. 18).
5. Amendment of subsection (a), repealer of subsections (a)(12)-(a)(12)(ix), and new subsections (a)(12)-(14) filed 6-1-98; operative 6-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 23).
6. Amendment of subsections (a), (a)(12), (b)(1) and (b)(2) filed 1-23-2001; operative 1-23-2001 pursuant to Government Code section 11343.4(c) (Register 2001, No. 4).
7. Repealer and new section filed 3-6-2008; operative 4-5-2008 (Register 2008, No. 10).
8. Change without regulatory effect amending subsection (b) filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).

Note: Authority cited: Sections 25241 and 25610, Corporations Code. Reference: Section 25241, Corporations Code.

1. Amendment of subsections (a) (11) and (b) filed 12-31-75 as an emergency; designated effective 1-1-76. Certificate of Compliance included (Register 76, No. 1). For prior history, see Register 75, No. 4.
2. Amendment of subsections (a)(11) and (a)(12)(viii) filed 9-2-77; effective thirtieth day thereafter (Register 77, No. 36).
3. Amendment of subsection (b) filed 6-2-78; effective thirtieth day thereafter (Register 78, No. 22).
4. Amendment filed 4-27-84; effective thirtieth day thereafter (Register 84, No. 18).
5. Amendment of subsection (a), repealer of subsections (a)(12)-(a)(12)(ix), and new subsections (a)(12)-(14) filed 6-1-98; operative 6-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 23).
6. Amendment of subsections (a), (a)(12), (b)(1) and (b)(2) filed 1-23-2001; operative 1-23-2001 pursuant to Government Code section 11343.4(c) (Register 2001, No. 4).
7. Repealer and new section filed 3-6-2008; operative 4-5-2008 (Register 2008, No. 10).

1. Amendment of subsections (a) (11) and (b) filed 12-31-75 as an emergency; designated effective 1-1-76. Certificate of Compliance included (Register 76, No. 1). For prior history, see Register 75, No. 4.
2. Amendment of subsections (a)(11) and (a)(12)(viii) filed 9-2-77; effective thirtieth day thereafter (Register 77, No. 36).
3. Amendment of subsection (b) filed 6-2-78; effective thirtieth day thereafter (Register 78, No. 22).
4. Amendment filed 4-27-84; effective thirtieth day thereafter (Register 84, No. 18).
5. Amendment of subsection (a), repealer of subsections (a)(12)-(a)(12)(ix), and new subsections (a)(12)-(14) filed 6-1-98; operative 6-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 23).
6. Amendment of subsections (a), (a)(12), (b)(1) and (b)(2) filed 1-23-2001; operative 1-23-2001 pursuant to Government Code section 11343.4(c) (Register 2001, No. 4).
7. Repealer and new section filed 3-6-2008; operative 4-5-2008 (Register 2008, No. 10).
8. Change without regulatory effect amending subsection (b) filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).

1. Amendment of subsections (a) (11) and (b) filed 12-31-75 as an emergency; designated effective 1-1-76. Certificate of Compliance included (Register 76, No. 1). For prior history, see Register 75, No. 4.
2. Amendment of subsections (a)(11) and (a)(12)(viii) filed 9-2-77; effective thirtieth day thereafter (Register 77, No. 36).
3. Amendment of subsection (b) filed 6-2-78; effective thirtieth day thereafter (Register 78, No. 22).
4. Amendment filed 4-27-84; effective thirtieth day thereafter (Register 84, No. 18).
5. Amendment of subsection (a), repealer of subsections (a)(12)-(a)(12)(ix), and new subsections (a)(12)-(14) filed 6-1-98; operative 6-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 23).
6. Amendment of subsections (a), (a)(12), (b)(1) and (b)(2) filed 1-23-2001; operative 1-23-2001 pursuant to Government Code section 11343.4(c) (Register 2001, No. 4).
7. Repealer and new section filed 3-6-2008; operative 4-5-2008 (Register 2008, No. 10).
8. Change without regulatory effect amending subsection (b) filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).