---
kind: "section"
citation: "17 C.F.R. § 22.4"
title: "17"
number: "22.4"
heading: "Futures Commission Merchants and derivatives clearing organizations: Permitted Depositories."
url: "https://uscodex.org/cfr/17/22.4"
---

# §22.4. Futures Commission Merchants and derivatives clearing organizations: Permitted Depositories.


In order for a depository to be a Permitted Depository:

- (a) The depository must (subject to [§ 22.9](/cfr/17/22.9.md)) be one of the following types of entities:
  - (1) A bank located in the United States;
  - (2) A trust company located in the United States;
  - (3) 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
  - (4) A derivatives clearing organization registered with the Commission; and
- (b) The futures commission merchant or the derivatives clearing organization must hold a written acknowledgment letter from the depository as required by [§ 22.5](/cfr/17/22.5.md) of this part.

## Notes

### 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.