Securities Lawyer's Deskbook
                         published by The University of Cincinnati College of Law
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General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934





Rule 3b-14 -- Definition of Cash Management Securities Activities


The term cash management securities activities means securities activities that are limited to transactions involving:
  1. Any taking possession of, and any subsequent sale or disposition of, collateral provided by a counterparty, or any acquisition of, and any subsequent sale or disposition of, collateral to be provided to a counterparty, in connection with any securities activities of the dealer permitted under Rule 15a-1 or any non-securities activities of the dealer that involve eligible OTC derivative instruments or other financial instruments;

  2. Cash management, in connection with any securities activities of the dealer permitted under Rule 15a-1 or any non-securities activities of the dealer that involve eligible OTC derivative instruments or other financial instruments; or

  3. Financing of positions of the dealer acquired in connection with any securities activities of the dealer permitted under Rule 15a-1 or any non- securities activities that involve eligible OTC derivative instruments or other financial instruments.


Regulatory History


63 FR 59362, 59395, Nov. 3, 1998



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