Md. Code Regs. 02.02.04.07

Current through Register Vol. 51, No. 12, June 14, 2024

Section 02.02.04.07 - Designated Clearing Agency Exemption

A. The Options Clearing Corporation (OCC) shall be designated as a "clearing agency" for purposes of the Maryland Securities Act, Corporations and Associations Article, § 11-601(13), Annotated Code of Maryland.

B. This designation may be revoked if the Commissioner finds that this action is advisable for the protection of investors or in the public interest.

Regulations .07 adopted effective November 11, 1991 (18:22 Md. R. 2393)