{"abstract":"The Board and the Commission jointly are adopting a single set of final rules that implement certain of the exceptions for banks from the definition of the term \"broker\" under Section 3(a)(4) of the Securities Exchange Act of 1934 (\"Exchange Act\"), as amended by the Gramm-Leach-Bliley Act (\"GLBA\"). The rules define terms used in these statutory exceptions and include certain related exemptions. In developing these rules, the Agencies have consulted with, and sought the concurrence of, the Office of the Comptroller of the Currency (\"OCC\"), the Federal Deposit Insurance Corporation (\"FDIC\") and the Office of Thrift Supervision (\"OTS\"), and have taken into consideration all comments received on the proposed rules issued in December 2006. The rules are intended, among other things, to facilitate banks' compliance with the Exchange Act and the GLBA.","action":"Final rule.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2007/10/03/07-4769.html","cfr_references":[{"chapter":null,"citation_url":null,"part":218,"title":12},{"chapter":null,"citation_url":null,"part":240,"title":17},{"chapter":null,"citation_url":null,"part":247,"title":17}],"citation":"72 FR 56514","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective dates: The addition of parts 12 CFR 218 and 17 CFR 247 is effective September 28, 2007. Regulations at 12 CFR 218.781 and 17 CFR 247.781 (collectively \"Rule 781\") are effective on September 28, 2007. Regulations at 12 CFR 218.100 through 218.780 and 17 CFR 247.100 through 247.780 are effective December 3, 2007. Amendments affecting Part 240 of Title 17 are effective December 3, 2007.","disposition_notes":null,"docket_ids":["Regulation R","Docket No. R-1274","Release No. 34-56501","File No. S7-22-06"],"dockets":[],"document_number":"07-4769","effective_on":"2007-09-28","end_page":56562,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2007/10/03/07-4769.xml","html_url":"https://www.federalregister.gov/documents/2007/10/03/07-4769/definitions-of-terms-and-exemptions-relating-to-the-broker-exceptions-for-banks","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/07-4769?publication_date=2007-10-03","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2007-10-03/07-4769/mods.xml","not_received_for_publication":null,"page_length":49,"page_views":{"count":1637,"last_updated":"2026-09-20 10:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2007-10-03/pdf/07-4769.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2007-10-03","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2007/10/03/07-4769.txt","regulation_id_number_info":{"3235-AJ74":null},"regulation_id_numbers":["3235-AJ74"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-11-13T03:35:51Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":56514,"subtype":null,"title":"Definitions of Terms and Exemptions Relating to the “Broker” Exceptions for Banks","toc_doc":"Broker and dealer definitions; order extending temporary exemption of banks","toc_subject":"Securities:","topics":["Brokers","Reporting and recordkeeping requirements","Securities"],"type":"Rule","volume":72}