---
kind: "section"
citation: "17 C.F.R. § 302.100"
title: "17"
number: "302.100"
heading: "Definitions."
url: "https://uscodex.org/cfr/17/302.100"
---

# §302.100. Definitions.


For purposes of [§§ 302.100 through 302.107](/cfr/17/302.100..302.107.md), the following terms shall have the following meanings:

- (a) **Appointment date.** The term appointment date means the date of the appointment of the Corporation as receiver for a covered financial company that is a covered broker or dealer. This date shall constitute the filing date as that term is used in SIPA.
- (b) **Bridge broker or dealer.** The term bridge broker or dealer means a new financial company organized by the Corporation in accordance with [12 U.S.C. 5390(h)](/usc/12/5390.md?p=h) for the purpose of resolving a covered broker or dealer.
- (c) **Commission.** The term Commission means the Securities and Exchange Commission.
- (d) **Covered broker or dealer.** The term covered broker or dealer means a covered financial company that is a qualified broker or dealer.
- (e) **Customer.** The term customer of a covered broker or dealer shall have the same meaning as in [15 U.S.C. 78lll(2)](/usc/15/78lll.md?p=2) provided that the references therein to debtor shall mean the covered broker or dealer.
- (f) **Customer name securities.** The term customer name securities shall have the same meaning as in [15 U.S.C. 78lll(3)](/usc/15/78lll.md?p=3) provided that the references therein to debtor shall mean the covered broker or dealer and the references therein to filing date shall mean the appointment date.
- (g) **Customer property.** The term customer property shall have the same meaning as in [15 U.S.C. 78lll(4)](/usc/15/78lll.md?p=4) provided that the references therein to debtor shall mean the covered broker or dealer.
- (h) **Net equity.** The term net equity shall have the same meaning as in [15 U.S.C. 78lll(11)](/usc/15/78lll.md?p=11) provided that the references therein to debtor shall mean the covered broker or dealer and the references therein to filing date shall mean the appointment date.
- (i) **Qualified broker or dealer.** The term qualified broker or dealer means a broker or dealer that (A) is registered with the Commission under Section 15(b) of the Securities Exchange Act of 1934 ([15 U.S.C. 78o(b)](/usc/15/78o.md?p=b)); and (B) is a member of SIPC.
- (j) **SIPA.** The term SIPA means the Securities Investor Protection Act of 1970, [15 U.S.C. 78aaa-lll](/usc/15/78aaa-lll.md).
- (k) **SIPC.** The term SIPC means the Securities Investor Protection Corporation.
- (l) **Corporation.** The term Corporation means the Federal Deposit Insurance Corporation.
- (m) **Dodd-Frank Act.** The term Dodd-Frank Act means the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1376, enacted July 21, 2010.

## Notes

### Authority

Authority: 12 U.S.C. 5385(h).

### Source

Source: 85 FR 53668, Oct. 30, 2020, unless otherwise noted.