[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR170.15]

[Page 596]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 170_REGISTERED FUTURES ASSOCIATIONS--Table of Contents
 
        Subpart C_Membership in a Registered Futures Association
 
Sec.  170.15  Futures commission merchants.


    (a) Except as provided in paragraph (b) of this section, each person 
required to register as a futures commission merchant must become and 
remain a member of at least one futures association which is registered 
under section 17 of the Act and which provides for the membership 
therein of such futures commission merchant, unless no such futures 
association is so registered.
    (b) The requirements of paragraph (a) of this section shall not 
apply to a futures commission merchant registered in accordance with 
Sec.  3.10(a)(3) of this chapter.

[66 FR 43083, Aug. 17, 2001]