---
kind: "section"
citation: "17 C.F.R. § 404.3"
title: "17"
number: "404.3"
heading: "Records to be preserved by registered government securities brokers and dealers."
url: "https://uscodex.org/cfr/17/404.3"
---

# §404.3. Records to be preserved by registered government securities brokers and dealers.

- (a) Every registered government securities broker or dealer, except a government securities interdealer broker subject to the financial responsibility rules of [§ 402.1(e)](/cfr/17/402.1.md?p=e) and a registered government securities broker or dealer that is also a futures commission merchant registered with the CFTC, shall comply with the requirements of [§ 240.17a-4](/cfr/17/240.17a-4.md) of this title (SEC [Rule 17a-4](/cfr/17/17a-4.md)), with the following modifications:
  - (1) References to “broker or dealer” and “broker and dealer registered pursuant to Section 15 of the Act” include registered government securities brokers or dealers.
  - (2) References to [§§ 240.17a-3](/cfr/17/240.17a-3.md), .17a-4, and .17a-5 mean such sections as modified by this part and [part 405](/cfr/17/part405.md) of this chapter.
  - (3) References to [§ 240.15c3-1](/cfr/17/240.15c3-1.md), relating to net capital, and “Computation for Net Capital” thereunder mean [§ 402.2](/cfr/17/402.2.md) of this chapter and the computation of the ratio of liquid capital to total haircuts required thereunder.
  - (4) References to [§ 240.15c3-3](/cfr/17/240.15c3-3.md), relating to possession or control of customer securities and balances, mean [§ 403.4](/cfr/17/403.4.md) of this chapter.
  - (5) References to Form X-17A-5 mean Form G-405 ([§ 449.5](/cfr/17/449.5.md) of this chapter).
  - (6) The computation described in [§ 240.17a-4(b)(8)(x)](/cfr/17/240.17a-4.md?p=b-8-x) is not required.
- (b) A government securities interdealer broker subject to the financial responsibility rules of [§ 402.1(e)](/cfr/17/402.1.md?p=e) and a registered government securities broker or dealer that is also a futures commission merchant registered with the CFTC, shall comply with the requirements of [§ 240.17a-4](/cfr/17/240.17a-4.md) of this title (SEC [Rule 17a-4](/cfr/17/17a-4.md)), with the following modifications:
  - (1) References to “broker or dealer” and “broker and dealer” include registered government securities brokers or dealers.
  - (2) References to §§ [240.17a-3](/cfr/17/240.17a-3.md), [240.17a-4](/cfr/17/240.17a-4.md), and [240.17a-5](/cfr/17/240.17a-5.md) mean such sections as modified by this part and [part 405](/cfr/17/part405.md) of this chapter.
  - (3) With respect to a government securities interdealer broker subject to the financial responsibility rules of [§ 402.1(e)](/cfr/17/402.1.md?p=e) of this chapter, references to [§ 240.15c3-1](/cfr/17/240.15c3-1.md), relating to net capital, and “Computation for Net Capital” thereunder include the modifications contained in [§ 402.1(e)](/cfr/17/402.1.md?p=e) of this chapter.
  - (4) References to [§ 240.15c3-3](/cfr/17/240.15c3-3.md), relating to possession or control of customer securities and balances, mean [§ 403.4](/cfr/17/403.4.md) of this chapter.
- (c) This section shall be effective on July 25, 1987.

## Notes

### Amendments

[52 FR 27952, July 24, 1987, as amended at 60 FR 11026, Mar. 1, 1995]

### Authority

Authority: 15 U.S.C. 78o-5 (b)(1)(B), (b)(1)(C), (b)(2), (b)(4).

### Source

Source: 52 FR 27952, July 24, 1987, unless otherwise noted.

### Amendments

[52 FR 27952, July 24, 1987, as amended at 60 FR 11026, Mar. 1, 1995]