1. Regulations
  2. title 12
  3. chapter III-i1
  4. part 380
  5. subpart D
  6. § 380.61

View all text of Subpart D [§ 380.60 - § 380.67]

§ 380.61 - Appointment of receiver and trustee for covered broker or dealer.

Upon the appointment of the Corporation as receiver for a covered broker or dealer, the Corporation shall appoint SIPC to act as trustee for the covered broker or dealer.

AUTHORITY: 12 U.S.C. 5385(h); 12 U.S.C. 5389; 12 U.S.C. 5390(s)(3); 12 U.S.C. 5390(b)(1)(C); 12 U.S.C. 5390(a)(7)(D); 12 U.S.C. 5381(b); 12 U.S.C. 5390(r); 12 U.S.C. 5390(a)(16)(D).

SOURCE: 76 FR 4215, Jan. 25, 2011, unless otherwise noted.

CITE AS: 12 CFR 380.61