12 CFR 368.2 - Definitions.
(a)Bank that is a government securities broker or dealer means a state nonmember bank or an insured state branch of a foreign bank that has filed notice, or is required to file notice, as a government securities broker or dealer pursuant to section 15C of the Securities Exchange Act ( 15 U.S.C. 78o-5) and Department of the Treasury rules under section 15C ( 17 CFR 400.1(d) and part 401).
(b)Customer does not include a broker or dealer or a government securities broker or dealer.
(c)Government security has the same meaning as this term has in section 3(a)(42) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(42)).
(d)Non-institutional customer means any customer other than:
(1) A bank, savings association, insurance company, or registered investment company;
(2) An investment adviser registered under section 203 of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b-3); or
(3) Any entity (whether a natural person, corporation, partnership, trust, or otherwise) with total assets of at least $50 million.
Title 12 published on 2015-12-05.
No entries appear in the Federal Register after this date, for 12 CFR Part 368.