[Code of Federal Regulations]
[Title 17, Volume 3]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR420.1]

[Page 1013-1014]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
                 CHAPTER IV--DEPARTMENT OF THE TREASURY
 
PART 420_LARGE POSITION REPORTING--Table of Contents
 
Sec.  420.1  Applicability.




Sec.
420.1 Applicability.
420.2 Definitions.
420.3 Reporting.
420.4 Recordkeeping.
420.5 Effective Date.

Appendix A to Part 420--Separate Reporting Entity.
Appendix B to Part 420--Sample Large Position Report.

    Authority: 15 U.S.C. 78o-5(f).

    Source: 61 FR 48348, Sept. 12 1996, unless otherwise noted.


    (a) This part, including the Appendices, is applicable to all 
persons that participate in the government securities market, including, 
but not limited to: government securities brokers and

[[Page 1014]]

dealers, depository institutions that exercise investment discretion, 
registered investment companies, registered investment advisers, pension 
funds, hedge funds and insurance companies that may control a reportable 
position in a recently-issued marketable Treasury bill, note or bond as 
those terms are defined in Sec.  420.2.
    (b) Notwithstanding paragraph (a) of this section, foreign central 
banks, foreign governments and international monetary authorities are 
exempt from this part. This exemption is not applicable to a broker, 
dealer, financial institution or other entity that engages primarily in 
commercial transactions and that may be owned in whole or in part by a 
foreign government.
    (c) Notwithstanding paragraph (a) of this section, Federal Reserve 
Banks are exempt from this part for the portion of any reportable 
position they control for their own account.