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Code of Federal Regulations
Title 17 - COMMODITY AND SECURITIES EXCHANGESChapter II - SECURITIES AND EXCHANGE COMMISSIONPart 240 - GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934Subpart A - RULES AND REGULATIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934REGULATION 15D: REPORTS OF REGISTRANTS UNDER THE SECURITIES ACT OF 1933
NATIONAL AND AFFILIATED SECURITIES ASSOCIATIONS
Section 240.15Ba1-3 - Exemption of certain natural persons from registration under section 15B(a)(1)(B) of the Act

17 C.F.R. § 240.15Ba1-3

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Current through September 30, 2024
Section 240.15Ba1-3 - Exemption of certain natural persons from registration under section 15B(a)(1)(B) of the Act

A natural person municipal advisor shall be exempt from section 15B(a)(1)(B) of the Act (15 U.S.C. 78 o-4(a)(1)(B)) if he or she:

(a) Is an associated person of an advisor that is registered with the Commission pursuant to section 15B(a)(2) of the Act (15 U.S.C. 78 o-4(a)(2)) and the rules and regulations thereunder; and
(b) Engages in municipal advisory activities solely on behalf of a registered municipal advisor.

17 C.F.R. §240.15Ba1-3

78 FR 67633, Nov. 12, 2013