---
kind: "section"
citation: "17 C.F.R. § 170.15"
title: "17"
number: "170.15"
heading: "Futures commission merchants."
url: "https://uscodex.org/cfr/17/170.15"
---

# §170.15. Futures commission merchants.

- (a) Except as provided in [paragraph (b)](#b) of this section, each person registered as a futures commission merchant must become and remain a member of at least one futures association that is registered under section 17 of the Act and that provides for the membership therein of such futures commission merchant, unless no such futures association is so registered.
- (b) The requirements of [paragraph (a)](#a) of this section shall not apply to a futures commission merchant registered in accordance with [§ 3.10(a)(3)](/cfr/17/3.10.md?p=a-3) of this chapter.

## Notes

### Amendments

[66 FR 43083, Aug. 17, 2001, as amended at 72 FR 2615, Jan. 22, 2007]

### Authority

Authority: 7 U.S.C. 6d, 6m, 6p, 6s, 12a, and 21.

### Source

Source: 44 FR 20651, Apr. 6, 1979, unless otherwise noted.

### Amendments

[66 FR 43083, Aug. 17, 2001, as amended at 72 FR 2615, Jan. 22, 2007]