CFR 17-1.23-2014 Commodity and securities exchanges. Part1:General regulations under the commodity exchange act. Section1.23:Interest of futures commission merchant in segregated funds;additions and withdrawals.
(a)(1) The provision in sections 4d(a)(2) and 4d(b) of the Act and the provision in §1.20 that prohibit the commingling of futures customer funds with the funds of a futures commission merchant, shall not be construed to prevent a futures commission merchant from having a residual financial interest in the futures customer funds segregated as required by the Act and the regulations in this part and set apart for the benefit of futures customers; nor shall such provisions be construed to prevent a futures commission merchant from adding to such segregated futures customer funds such amount or amounts of money, from its own funds or unencumbered securities from its own inventory, of the type set forth in §1.25 of this part, as it may deem necessary to ensure any and all futures customers’ accounts from becoming undersegregated at any time.
CFR 17-1.23-2014 history
2014CFR 17-1.23-2014 Commodity and securities exchanges. Part1:General regulations under the commodity exchange act. Section1.23:Interest of futures commission merchant in segregated funds;additions and withdrawals.
2013CFR 17-1.23-2013 Commodity and Securities Exchanges. Part1:General regulations under the commodity exchange act. Section1.23:Interest of futures commission merchant in segregated futures customer funds; additions and withdrawals.