[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR31.10]

[Page 360-361]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 31_LEVERAGE TRANSACTIONS--Table of Contents
 
Sec.  31.10  Repurchase and resale of leverage contracts by leverage 

transaction merchants.

    (a) No leverage transaction merchant shall offer to sell or sell a 
long leverage contract involving a leverage commodity to any leverage 
customer at any time when such leverage transaction merchant is not 
offering to repurchase from any of its leverage customers any long 
leverage contract, and is not offering to resell to any of its leverage 
customers any short leverage contract, involving the same leverage 
commodity previously sold or purchased by the leverage transaction 
merchant to or from a leverage customer.
    (b) No leverage transaction merchant shall offer to purchase or 
purchase a short leverage contract involving a leverage commodity from 
any leverage

[[Page 361]]

customer at any time when such leverage transaction merchant is not 
offering to resell to any of its leverage customers any short leverage 
contract, and is not offering to repurchase from any of its leverage 
customers any long leverage contract, involving the same leverage 
commodity previously purchased or sold by the leverage transaction 
merchant from or to a leverage customer.

[50 FR 36414, Sept. 6, 1985]