17 Commodity and Securities Exchanges 1 2000-04-01 2000-04-01 false Segregated account; daily computation and record. 1.32 Section 1.32 Commodity and Securities Exchanges COMMODITY FUTURESTRADING COMMISSION GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT Recordkeeping
§ 1.32 Segregated account; daily computation and record.

Each futures commission merchant must compute as of the close of each business day:

(a) The total amount of customer funds on deposit in segregated accounts on behalf of commodity and option customers;

(b) The total amount of such customer funds required by the Act and these regulations to be on deposit in segregated accounts on behalf of such commodity and option customers; and

(c) The amount of the futures commission merchant's residual interest in such customer funds.

Such computation must be completed prior to noon on the next business day and must be kept, together with all supporting data, in accordance with the requirements of § 1.31. (Approved by the Office of Management and Budget under control numbers 3038-0007 and 3038-0024) [46 FR 54520, Nov. 3, 1981, as amended at 46 FR 63035, Dec. 30, 1981]