{"data":{"id":"us/17-cfr-240.36a1-2","jurisdiction":"us","citation":"17 CFR 240.36a1-2","heading":"a1-2 Exemption from SIPA for OTC derivatives dealers.","body":"Preliminary Note:\nOTC derivatives dealers are a special class of broker-dealers that are exempt from certain broker-dealer requirements, including membership in a self-regulatory organization (§ 240.15b9-2), regular broker-dealer margin rules (§ 240.36a1-1), and application of the Securities Investor Protection Act of 1970 (§ 240.36a1-2). OTC derivative dealers are subject to special requirements, including limitations on the scope of their securities activities (§ 240.15a-1), specified internal risk management control systems (§ 240.15c3-4), recordkeeping obligations (§ 240.17a-3(a)(10)), and reporting responsibilities (§ 240.17a-12). They are also subject to alternative net capital treatment (§ 240.15c3-1(a)(5)).\nOTC derivatives dealers, as defined in § 240.3b-12, shall be exempt from the provisions of the Securities Investor Protection Act of 1970 (15 U.S.C. 78aaa through 78lll).","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"82e1a687864f3f42aff2263ada74e0e02e62a9d0be8e5ba000cbf7a05f63167f","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-240.36a1-1","next":"us/17-cfr-242.100"},"notice":"GroundRules: Original legal text. Not legal advice."}