Regulation X: Borrowers of Securities Credit

Course Outline:

Regulation X: Borrowers of Securities Credit

Seat Time: 0.25hrs 

This course will introduce the learner to Regulation X's relationship to Regulation T and Regulation U. The course will also discuss when Regulation X is applicable to purchasing securities credit and when a borrower is subject to Regulation X. After completing this program, the learner will understand:

• Purpose of Regulation X.
• Definition of a "U.S. Person."
• When a U.S. Person may not participate in a credit transaction that is collateralized by margin securities.

Course Topics:

T1. Regulation X: Borrowers of Securities Credit: This topic will introduce the learner to Regulation X, which extends the provisions of regulations governing the extension of credit by brokers and dealers and by financial institutions and other lenders for the purpose of purchasing or carrying securities to borrowers.