---
kind: "section"
citation: "17 C.F.R. § 403.7"
title: "17"
number: "403.7"
heading: "Effective dates."
url: "https://uscodex.org/cfr/17/403.7"
---

# §403.7. Effective dates.

- (a) **General.** Except as provided in [paragraphs (b) through (e)](#b..e) of this section, this part shall be effective on the last business day in October 1987.
- (b) **Confirmations.** The requirements of §§ [403.4](/cfr/17/403.4.md) and [403.5(d)](/cfr/17/403.5.md?p=d) to describe the specific securities that are the subject of a repurchase transaction, including the market value of such securities, on a confirmation at the initiation of a repurchase transaction or on substitution of other securities shall be effective January 31, 1988.
- (c) **Written repurchase agreements.** The requirement to obtain a repurchase agreement in writing with the provisions described in §§ [403.4](/cfr/17/403.4.md) and [403.5(d)](/cfr/17/403.5.md?p=d) shall be effective October 31, 1987, in the case of new customers of a government securities broker or dealer and shall be effective January 31, 1988, in the case of existing customers of a government securities broker or dealer. For purposes of this paragraph, an “existing customer” of a government securities broker or dealer is any counterparty with whom the government securities broker or dealer has entered into a repurchase transaction on or after January 1, 1986, but before July 25, 1987. For purposes of this paragraph, a “new customer” of a government securities broker or dealer is any counterparty other than an existing customer.

## Notes

### Amendments

[52 FR 27947, July 24, 1987, as amended at 53 FR 28986, Aug. 1, 1988; 79 FR 38456, July 8, 2014]

### Authority

Authority: Sec. 101, Pub. L. 99-571, 100 Stat. 3209; sec. 4(b), Pub. L. 101-432, 104 Stat. 963; sec. 102, sec. 106, Pub. L. 103-202, 107 Stat. 2344 (15 U.S.C. 78o-5(a)(5), (b)(1)(A), (b)(4)).

### Source

Source: 52 FR 27947, July 24, 1987, unless otherwise noted.

### Amendments

[52 FR 27947, July 24, 1987, as amended at 53 FR 28986, Aug. 1, 1988; 79 FR 38456, July 8, 2014]