---identifier: "/us/cfr/t17/s248.101"source: "ecfr"legal_status: "authoritative_unofficial"title: "17 CFR § 248.101 - Purpose and scope."title_number: 17title_name: "Commodity and Securities Exchanges"section_number: "248.101"section_name: "Purpose and scope."chapter_name: "SECURITIES AND EXCHANGE COMMISSION"part_number: "248"part_name: "REGULATIONS S-P, S-AM, AND S-ID"positive_law: falsecurrency: "2026-04-05"last_updated: "2026-04-05"format_version: "1.1.0"generator: "[email protected]"authority: "15 U.S.C. 78q, 78q-1, 784, 785, 78w, 78mm, 80a-30, 80a-37, 80b-4, 80b-11, 1681m(e), 1681s(b), 1681s-3 and note, 1681w(a)(1), 6801-6809, and 6825; Pub. L. 111-203, secs. 1088(a)(8), (a)(10), and sec. 1088(b), 124 Stat. 1376 (2010)."regulatory_source: "65 FR 40362, June 29, 2000, unless otherwise noted."cfr_part: "248"---
Identifier
/us/cfr/t17/s248.101
Currency
2026-04-05
Positive Law
No
Updated
2026-04-05
Chapter
Securities and Exchange Commission
Authority
15 U.S.C. 78q, 78q-1, 784, 785, 78w, 78mm, 80a-30, 80a-37, 80b-4, 80b-11, 1681m(e), 1681s(b), 1681s-3 and note, 1681w(a)(1), 6801-6809, and 6825; Pub. L. 111-203, secs. 1088(a)(8), (a)(10), and sec. 1... 15 U.S.C. 78q, 78q-1, 784, 785, 78w, 78mm, 80a-30, 80a-37, 80b-4, 80b-11, 1681m(e), 1681s(b), 1681s-3 and note, 1681w(a)(1), 6801-6809, and 6825; Pub. L. 111-203, secs. 1088(a)(8), (a)(10), and sec. 1088(b), 124 Stat. 1376 (2010).
# 248.101 Purpose and scope.(a) *Purpose.* The purpose of this subpart is to implement section 624 of the Fair Credit Reporting Act, 15 U.S.C. 1681, *et seq.* (“FCRA”). Section 624, which was added to the FCRA by section 214 of the Fair and Accurate Credit Transactions Act of 2003, Public Law 108-159, 117 Stat. 1952 (2003) (“FACT Act” or “Act”), regulates the use of consumer information received from an affiliate to make marketing solicitations.(b) *Scope.* This subpart applies to any broker or dealer other than a notice-registered broker or dealer, to any investment company, and to any investment adviser or transfer agent registered with the Commission. These entities are referred to in this subpart as “you.”