§380.61. Appointment of receiver and trustee for covered broker or dealer.
12 C.F.R. § 380.61
Upon the appointment of the Corporation as receiver for a covered broker or dealer, the Corporation shall appoint SIPC to act as trustee for the covered broker or dealer.
Notes, amendments, and revision history
Source
Source: 85 FR 53665, Aug. 31, 2020, unless otherwise noted.
Authority
Authority: 12 U.S.C. 5385(h); 12 U.S.C. 5389; 12 U.S.C. 5390(s)(3); 12 U.S.C. 5390(b)(1)(C); 12 U.S.C. 5390(a)(7)(D); 12 U.S.C. 5381(b); 12 U.S.C. 5390(r); 12 U.S.C. 5390(a)(16)(D).
Source
Source: 76 FR 4215, Jan. 25, 2011, unless otherwise noted.