---
kind: "section"
citation: "17 C.F.R. § 1.29"
title: "17"
number: "1.29"
heading: "Gains and losses resulting from investment of customer funds."
url: "https://uscodex.org/cfr/17/1.29"
---

# §1.29. Gains and losses resulting from investment of customer funds.

- (a) The investment of customer funds in instruments described in [§ 1.25](/cfr/17/1.25.md) shall not prevent the futures commission merchant or derivatives clearing organization so investing such funds from receiving and retaining as its own any incremental income or interest income resulting therefrom.
- (b) The futures commission merchant or derivatives clearing organization, as applicable, shall bear sole responsibility for any losses resulting from the investment of customer funds in instruments described in [§ 1.25](/cfr/17/1.25.md). No investment losses shall be borne or otherwise allocated to the customers of the futures commission merchant and, if customer funds are invested by a derivatives clearing organization in its discretion, to the futures commission merchant.

## Notes

### Amendments

[78 FR 68637, Nov. 14, 2013]

### Authority

Authority: 7 U.S.C. 1a, 2, 5, 6, 6a, 6b, 6c, 6d, 6e, 6f, 6g, 6h, 6i, 6k, 6l, 6m, 6n, 6o, 6p, 6r, 6s, 7, 7a-1, 7a-2, 7b, 7b-3, 8, 9, 10a, 12, 12a, 12c, 13a, 13a-1, 16, 16a, 19, 21, 23, and 24 (2012).

### Source

Source: 41 FR 3194, Jan. 21, 1976, unless otherwise noted.

### Amendments

[78 FR 68637, Nov. 14, 2013]