Provided, however,
An introducing broker as defined in 5.1(f)(1) of this part, applicant for registration as an introducing broker as defined in 5.1(f)(1) of this part, or person succeeding to and continuing the business of another introducing broker as defined in 5.1(f)(1) of this part must comply with all provisions applicable to an introducing broker under this chapter; Provided, however, that an introducing broker operating pursuant to, or an applicant for registration as an introducing broker who has filed concurrently with its application for registration, a guarantee agreement meeting the requirements of 1.10(j) of this chapter is not subject to the minimum capital and related financial reporting requirements of 1.10, 1.12 and 1.17 of this chapter.