General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934
Rule 3a4-6 -- Exemption from the Definition of "Broker" for Banks that Execute Transactions in Investment Company Securities Through NSCC Mutual Fund Services
A bank that meets the conditions for an exception or exemption from the definition
of the term "broker," except for the condition in Section
3(a)(4)(C)(i) of the Act, is exempt from such condition solely for transactions
in investment company securities effected through the National Securities Clearing
Corporation's Mutual Fund Services.
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