futures commission merchant

(A)The term “futures commission merchant” means an individual, association, partnership, corporation, or trust— (i)that— (I)is— (II)in or in connection with the activities described in items (aa) or (bb) of subclause (I), accepts any money, securities, or property (or extends credit in lieu thereof) to margin, guarantee, or secure any trades or contracts that result or may result therefrom; or (ii)that is registered with the Commission as a futures commission merchant.


7 USC § 1a(28)(A)

Scoping language

As used in this chapter
Is this correct? or