new hybrid product

(6) Definitions For purposes of this subsection: (A) New hybrid product The term “new hybrid product” means a product that— (i) was not subjected to regulation by the Commission as a security prior to the date of the enactment of the Gramm-Leach-Bliley Act [ Nov. 12, 1999 ]; (ii) is not an identified banking product as such term is defined in section 206 of such Act; and (iii) is not an equity swap within the meaning of section 206(a)(6) of such Act. (B) Board The term “Board” means the Board of Governors of the Federal Reserve System.


15 USC § 78o(j)(6)

Scoping language

For purposes of this subsection
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