[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR538.318]



[Page 206-207]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 538_SUDANESE SANCTIONS REGULATIONS--Table of Contents

 

                      Subpart C_General Definitions

 

Sec.  538.318  U.S. registered broker or dealer in securities.



    The term U.S. registered broker or dealer in securities means any 

U.S. citizen, permanent resident alien, or entity organized under the 

laws of the United States or of any jurisdiction within the United 

States, including its foreign branches, or any agency, office or branch 

of a foreign entity located in the United States, that:

    (a) Is a ``broker'' or ``dealer'' in securities within the meanings 

set forth in the Securities Exchange Act of 1934;

    (b) Holds or clears customer accounts; and



[[Page 207]]



    (c) Is registered with the Securities and Exchange Commission under 

the Securities Exchange Act of 1934.



[70 FR 34062, June 13, 2005]