Regulation & law · 03/10/2007Updated: 10/17/2026 · 1 min read

SEC Adopts Rules for Bank Exemptions from Broker and Dealer Definitions

The Securities and Exchange Commission is adopting new rules to exempt banks from certain definitions under the Securities Exchange Act of 1934, allowing them to engage in riskless principal transactions with non-US persons and to act as conduit lenders for securities lending activities.