§22.4. Futures Commission Merchants and derivatives clearing organizations: Permitted Depositories.
17 C.F.R. § 22.4
In order for a depository to be a Permitted Depository:
The depository must (subject to § 22.9) be one of the following types of entities:
A bank located in the United States;
A trust company located in the United States;
A Collecting Futures Commission Merchant registered with the Commission (but only with respect to a Depositing Futures Commission Merchant providing Cleared Swaps Customer Collateral); or
A derivatives clearing organization registered with the Commission; and
The futures commission merchant or the derivatives clearing organization must hold a written acknowledgment letter from the depository as required by § 22.5 of this part.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 1a, 6d, 7a-1 as amended by Pub. L. 111-203, 124 Stat. 1376.
Source
Source: 77 FR 6371, Feb. 7, 2012, unless otherwise noted.