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17 CFR § 302.100 - Definitions.

---
identifier: "/us/cfr/t17/s302.100"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 302.100 - Definitions."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "302.100"
section_name: "Definitions."
chapter_name: "SECURITIES AND EXCHANGE COMMISSION"
part_number: "302"
part_name: "ORDERLY LIQUIDATION OF COVERED BROKERS OR DEALERS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5385(h)."
regulatory_source: "85 FR 53668, Oct. 30, 2020, unless otherwise noted."
cfr_part: "302"
---

# 302.100 Definitions.

For purposes of §§ 302.100 through 302.107, the following terms shall have the following meanings:

(a) *Appointment date.* The term *appointment date* means the date of the appointment of the Corporation as receiver for a covered financial company that is a covered broker or dealer. This date shall constitute the *filing date* as that term is used in SIPA.

(b) *Bridge broker or dealer.* The term *bridge broker or dealer* means a new financial company organized by the Corporation in accordance with 12 U.S.C. 5390(h) for the purpose of resolving a covered broker or dealer.

(c) *Commission.* The term *Commission* means the Securities and Exchange Commission.

(d) *Covered broker or dealer.* The term *covered broker or dealer* means a covered financial company that is a qualified broker or dealer.

(e) *Customer.* The term *customer* of a covered broker or dealer shall have the same meaning as in 15 U.S.C. 78*lll*(2) *provided that* the references therein to *debtor* shall mean the covered broker or dealer.

(f) *Customer name securities.* The term *customer name securities* shall have the same meaning as in 15 U.S.C. 78*lll*(3) *provided that* the references therein to *debtor* shall mean the covered broker or dealer and the references therein to *filing date* shall mean the appointment date.

(g) *Customer property.* The term *customer property* shall have the same meaning as in 15 U.S.C. 78*lll*(4) *provided that* the references therein to *debtor* shall mean the covered broker or dealer.

(h) *Net equity.* The term *net equity* shall have the same meaning as in 15 U.S.C. 78*lll*(11) *provided that* the references therein to *debtor* shall mean the covered broker or dealer and the references therein to *filing date* shall mean the appointment date.

(i) *Qualified broker or dealer.* The term *qualified broker or dealer* means a broker or dealer that (A) is registered with the Commission under Section 15(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(b)); and (B) is a member of SIPC.

(j) *SIPA.* The term *SIPA* means the Securities Investor Protection Act of 1970, 15 U.S.C. 78aaa-*lll.*

(k) *SIPC.* The term *SIPC* means the Securities Investor Protection Corporation.

(l) *Corporation.* The term *Corporation* means the Federal Deposit Insurance Corporation.

(m) *Dodd-Frank Act.* The term *Dodd-Frank Act* means the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1376, enacted July 21, 2010.