[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR3.4]

[Page 120]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 3--REGISTRATION--Table of Contents
 
                         Subpart A--Registration
 
Sec. 3.4  Registration in one capacity not included in registration in any other capacity.

    (a) Except as may be otherwise provided in the Act or in any rule, 
regulation, or order of the Commission, each futures commission 
merchant, floor broker, floor trader, associated person, commodity 
trading advisor, commodity pool operator, introducing broker, and 
leverage transaction merchant must register as such under the Act. 
Registration in one capacity under the Act shall not include 
registration in any other capacity: Provided, however, That a registered 
floor broker need not also register as a floor trader in order to engage 
in activity as a floor trader.
    (b) Except as may be provided in any rule, regulation or order of 
the Commission, registration as an associated person in one capacity 
shall not include registration as an associated person in any other 
capacity: Provided, however, That an associated person who is sponsored 
by a registrant, which itself is registered in more than one capacity, 
need register only once to act as an associated person of the 
registrant, and shall be deemed to be an associated person of such 
registrant, in each such capacity.

[49 FR 39530, Oct. 9, 1984, as amended at 58 FR 19590, Apr. 15, 1993]