New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter II. Regulations of the Superintendent |
Part 203. Permission to Serve as Director, Officer or Employee of Securities Firms |
Sec. 203.27. The Depository Trust Company
Latest version.
- The superintendent hereby grants permission for present and future directors of The Depository Trust Company to serve at the same time as directors, officers, or employees of firms engaged in the process of underwriting, distributing or dealing in securities, provided that The Depository Trust Company confines its investments in securities to obligations of the United States government or its agencies and to obligations of any State or political subdivision thereof.