---
kind: "section"
citation: "31 C.F.R. § 566.303"
title: "31"
number: "566.303"
heading: "Covered financial institution."
url: "https://uscodex.org/cfr/31/566.303"
---

# §566.303. Covered financial institution.


The term covered financial institution means a broker or dealer in securities registered, or required to be registered, with the Securities and Exchange Commission under the Securities Exchange Act of 1934 ([15 U.S.C. 78a](/usc/15/78a.md) et seq.), except persons who register pursuant to section 15(b)(11) of the Securities Exchange Act of 1934; a futures commission merchant or an introducing broker registered, or required to be registered, with the Commodity Futures Trading Commission under the Commodity Exchange Act ([7 U.S.C. 1](/usc/7/1.md) et seq.), except persons who register pursuant to section 4(f)(a)(2) of the Commodity Exchange Act; or a mutual fund.


## Notes

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 114-102, 129 Stat. 2205 (50 U.S.C. 1701 note); Pub. L. 115-272, 132 Stat. 4144 (50 U.S.C. 1701 note).

### Source

Source: 81 FR 22186, Apr. 15, 2016, unless otherwise noted.