17 C.F.R. § 240.15Ba1-3

Current through November 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