§ 50.10. Prevention of evasion of the clearing requirement and abuse of an exception or exemption to the clearing requirement.
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/us/cfr/t17/s§ 50.10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)It shall be unlawful for any person to knowingly or recklessly evade or participate in or facilitate an evasion of the requirements of section 2(h) of the Act or any Commission rule or regulation promulgated thereunder.
(b)It shall be unlawful for any person to abuse the exception to the clearing requirement as provided under section 2(h)(7) of the Act or an exception or exemption under this chapter.
(c)It shall be unlawful for any person to abuse any exemption or exception to the requirements of section 2(h) of the Act, including any exemption or exception as the Commission may provide by rule, regulation, or order.
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§ 50.10
Prevention of evasion of the clearing requirement and abuse of an exception or exemption to the clearing requirement.
Fed. Reg.×4
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