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Title 17

Displaying title 17, up to date as of 7/16/2026. Title 17 was last amended 6/25/2026.
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Title 17Commodity and Securities ExchangesPart / Section
Chapter IISecurities and Exchange Commission200 – 399
Part 255Proprietary Trading and Certain Interests in and Relationships with Covered Funds255.1 – 255.21
Subpart AAuthority and Definitions255.1 – 255.2
§ 255.1Authority, purpose, scope, and relationship to other authorities.
§ 255.2Definitions.
Subpart BProprietary Trading255.3 – 255.9
§ 255.3Prohibition on proprietary trading.
§ 255.4Permitted underwriting and market making-related activities.
§ 255.5Permitted risk-mitigating hedging activities.
§ 255.6Other permitted proprietary trading activities.
§ 255.7Limitations on permitted proprietary trading activities.
§§ 255.8-255.9 [Reserved]
Subpart CCovered Funds Activities and Investments255.10 – 255.19
§ 255.10Prohibition on acquiring or retaining an ownership interest in and having certain relationships with a covered fund.
§ 255.11Permitted organizing and offering, underwriting, and market making with respect to a covered fund.
§ 255.12Permitted investment in a covered fund.
§ 255.13Other permitted covered fund activities and investments.
§ 255.14Limitations on relationships with a covered fund.
§ 255.15Other limitations on permitted covered fund activities.
§ 255.16Ownership of interests in and sponsorship of issuers of certain collateralized debt obligations backed by trust-preferred securities.
§§ 255.17-255.19 [Reserved]
Subpart DCompliance Program Requirement; Violations255.20 – 255.21
§ 255.20Program for compliance; reporting.
§ 255.21Termination of activities or investments; penalties for violations.
Appendix A to Part 255
Reporting and Recordkeeping Requirements for Covered Trading Activities