Sponsoring Broker definition

Sponsoring Broker means a Participant other than a DMA Customer that allows its designated Customers to access the SEF Platform using the Participant ID of the Participant and (i) with respect to Cleared Swaps, is a Clearing Member; and (ii) with respect to Non-Cleared Swaps, is (x) an FCM or Introducing Broker; or (y) non-U.S. Person acting in a similar capacity that is not required to register as an FCM or Introducing Broker under the Act and that is appropriately licensed in a jurisdiction where its DMA Customer is located.

Sponsoring Broker means the broker who has issued a

Sponsoring Broker means a Participant that designates one or more of its Customers as Direct Market Access Customers under the Rules.

Examples of Sponsoring Broker in a sentence

• Applies to Trades placed by a DMA Customer using the Participant ID of the Sponsoring Broker.

• The DMA Customer shall remain ultimately responsible for all CFTC Regulation 1.35 recordkeeping obligations, including any records not covered by the agreement with its Sponsoring Broker.

• A DMA Customer can delegate the maintenance of the DMA Customer’s records required by CFTC Regulation 1.35 for transactions executed on BSEF to its Sponsoring Broker; provided, however, that the DMA Customer has an agreement with its Sponsoring Broker regarding the maintenance of such records.

• If you are unsure of these details contact your Sponsoring Broker.

• If a Sponsoring Broker has actual or constructive notice of a violation of the BSEF Rules in connection with Direct Market Access by its DMA Customer and the Sponsoring Broker fails to take appropriate action, BSEF may consider that the Sponsoring Broker has committed an act detrimental to the interest or welfare of BSEF.

More Definitions of Sponsoring Broker

Sponsoring Broker means the broker who has issued a sponsor card to a licensed salesperson, another licensed broker, or a leasing agent.

Sponsoring Broker means a Participant that allows its designated Customers to access the SEF Platform using the Participant ID of the Participant and (i) with respect to Cleared Swaps, is a Clearing Member; and (ii) with respect to Non-Cleared Swaps, is an FCM or Introducing Broker.

Sponsoring Broker means the broker who certifies to the

Sponsoring Broker means the broker who has issued a sponsor card to a licensed managing broker, broker, or a leasing agent.

Sponsoring Broker means any individual real estate broker who sponsors associate brokers or real estate salespersons who participate in any activity described in this Section.

Sponsoring Broker s Name" means the sponsoring broker's name as licensed by the Department or the assumed name registered by the sponsoring broker with the Division, which in the case of a franchise shall include the franchise affiliation and the name of the individual firm.

Sponsoring Broker means a person with a license who operates as a corporation, limited liability company, partnership, limited partnership, or limited liability partnership, or an individual with a managing broker license who operates as a sole proprietor.