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Code · CFR · Title 17 — Commodity and Securities Exchanges · Part 404 — Recordkeeping and Preservation of Records · § 404.3

§ 404.3. Records to be preserved by registered government securities brokers and dealers.

380 words·~2 min read·/us/cfr/t17/s§ 404.3·

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(a)Every registered government securities broker or dealer, except a government securities interdealer broker subject to the financial responsibility rules of § 402.1(e) and a registered government securities broker or dealer that is also a futures commission merchant registered with the CFTC, shall comply with the requirements of § 240.17a-4 of this title (SEC Rule 17a-4), with the following modifications:
(1)References to "broker or dealer" and "broker and dealer registered pursuant to Section 15 of the Act" include registered government securities brokers or dealers.
(2)References to §§ 240.17a-3, .17a-4, and .17a-5 mean such sections as modified by this part and part 405 of this chapter.
(3)References to § 240.15c3-1, relating to net capital, and "Computation for Net Capital" thereunder mean § 402.2 of this chapter and the computation of the ratio of liquid capital to total haircuts required thereunder.
(4)References to § 240.15c3-3, relating to possession or control of customer securities and balances, mean § 403.4 of this chapter.
(5)References to Form X-17A-5 mean Form G-405 (§ 449.5 of this chapter).
(6)The computation described in § 240.17a-4(b)(8)(x) is not required.
(b)A government securities interdealer broker subject to the financial responsibility rules of § 402.1(e) and a registered government securities broker or dealer that is also a futures commission merchant registered with the CFTC, shall comply with the requirements of § 240.17a-4 of this title (SEC Rule 17a-4), with the following modifications:
(1)References to "broker or dealer" and "broker and dealer" include registered government securities brokers or dealers.
(2)References to §§ 240.17a-3, 240.17a-4, and 240.17a-5 mean such sections as modified by this part and part 405 of this chapter.
(3)With respect to a government securities interdealer broker subject to the financial responsibility rules of § 402.1(e) of this chapter, references to § 240.15c3-1, relating to net capital, and "Computation for Net Capital" thereunder include the modifications contained in § 402.1(e) of this chapter.
(4)References to § 240.15c3-3, relating to possession or control of customer securities and balances, mean § 403.4 of this chapter.
(c)This section shall be effective on July 25, 1987. (Approved by the Office of Management and Budget under control number 1535-0089) \[52 FR 27952, July 24, 1987, as amended at 60 FR 11026, Mar. 1, 1995\]
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