Code of Federal Regulations · Section

§ 240.15a-4 — a-4 Forty-five Day Exemption From Registration For Certain Members Of National Securities Exchanges

17 C.F.R. § 240.15a-4

View:

(a) A natural person who is a member of a national securities exchange shall, upon termination of his association with a registered broker-dealer, be exempt, for a period of forty-five days after such termination, from the registration requirement of section 15(a) of the Act solely for the purpose of continuing to effect transactions on the floor of such exchange if (1) such person has filed with the Commission an application for registration as a broker-dealer and such person complies in all material respects with rules of the Commission applicable to registered brokers and dealers and (2) such exchange has filed with the Commission a statement that it has reviewed such application and that there do not appear to be grounds for its denial.

(b) The exemption from registration provided by this rule shall not be available to any person while there is pending before the Commission any proceeding involving any such person pursuant to section 15(b)(1)(B) of the Act.

17 C.F.R. § 240.15a-3 17 C.F.R. § 240.15a-5

Authorizing Statute

Jurisdiction of Commission; liability of principal for act of agent; Commodity Futures Trading Commission; transaction in interstate commerce
7 U.S.C. § 2
Records and reports
15 U.S.C. § 78q
Registration of securities
15 U.S.C. § 77f
Registration and regulation of brokers and dealers
15 U.S.C. § 78o
Foreign securities exchanges
15 U.S.C. § 78dd
Information required in registration statement
15 U.S.C. § 77g
General provisions of a liquidation proceeding
15 U.S.C. § 78fff
Necessity for regulation
15 U.S.C. § 78b
Proxies
15 U.S.C. § 78n
Classes of securities under this subchapter
15 U.S.C. § 77c
Registration requirements for securities
15 U.S.C. § 78l
Executive compensation and corporate governance
12 U.S.C. § 5221
Findings and purposes
12 U.S.C. § 5461
Definitions; promotion of efficiency, competition, and capital formation
15 U.S.C. § 77b
Creation; membership; compensation and expenses
12 U.S.C. § 241
Short title
15 U.S.C. § 78a
Trading by members of exchanges, brokers, and dealers
15 U.S.C. § 78k
Manipulative and deceptive devices
15 U.S.C. § 78j
Operations of designated financial market utilities
12 U.S.C. § 5465
Definitions and application
15 U.S.C. § 78c
National securities exchanges
15 U.S.C. § 78f
Rules, regulations, and orders; annual reports
15 U.S.C. § 78w
Comprehensive energy plan
15 U.S.C. § 781
Transaction fees
15 U.S.C. § 78ee
Failure of corporate officers to certify financial reports
18 U.S.C. § 1350