17 CFR § 302.101 - Appointment of receiver and trustee for covered broker or dealer.

---
identifier: "/us/cfr/t17/s302.101"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 302.101 - Appointment of receiver and trustee for covered broker or dealer."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "302.101"
section_name: "Appointment of receiver and trustee for covered broker or dealer."
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"
---


# 302.101 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.