[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR1.30]

[Page 69]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 1--GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT--Table of Contents
 
Sec. 1.30  Loans by futures commission merchants; treatment of proceeds.

    Nothing in these regulations shall prevent a futures commission 
merchant from lending its own funds to commodity or option customers on 
securities and property pledged by such commodity or option customers, 
or from repledging or selling such securities and property pursuant to 
specific written agreement with such commodity or option customers. The 
proceeds of such loans used to purchase, margin, guarantee, or secure 
the trades, contracts, or commodity options of commodity or option 
customers shall be treated and dealt with by a futures commission 
merchant as belonging to such commodity or option customers, in 
accordance with and subject to the provisions of section 4d(2) of the 
Act and these regulations.

[46 FR 54520, Nov. 3, 1981]

                              Recordkeeping