Definitions.

For purposes of §§ 302.100 through 302.107, the following terms shall have the following meanings: (a) Appointment date. The term appointment date means the date of the appointment of the Corporation as receiver for a covered financial company that is a covered broker or dealer. This date shall constitute the filing date as that term is used in SIPA. (b) Bridge broker or dealer. The term bridge broker or dealer means a new financial company organized by the Corporation in accordance with 12 U.S.C. 5390(h) for the purpose of resolving a covered broker or dealer. (c) Commission. The term Commission means the Securities and Exchange Commission. (d) Covered broker or dealer. The term covered broker or dealer means a covered financial company that is a qualified broker or dealer. (e) Customer. The term customer of a covered broker or dealer shall have the same meaning as in 15 U.S.C. 78 lll (2) provided that the references therein to debtor shall mean the covered broker or dealer. (f) Customer name securities. The term customer name securities shall have the same meaning as in 15 U.S.C. 78 lll (3) provided that the references therein to debtor shall mean the covered broker or dealer and the references therein to filing date shall mean the appointment date. (g) Customer property. The term customer property shall have the same meaning as in 15 U.S.C. 78 lll (4) provided that the references therein to debtor shall mean the covered broker or dealer. (h) Net equity. The term net equity shall have the same meaning as in 15 U.S.C. 78 lll (11) provided that the references therein to debtor shall mean the covered broker or dealer and the references therein to filing date shall mean the appointment date. (i) Qualified broker or dealer. The term qualified broker or dealer means a broker or dealer that (A) is registered with the Commission under Section 15(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(b)); and (B) is a member of SIPC. (j) SIPA. The term SIPA means the Securities Investor Protection Act of 1970, 15 U.S.C. 78aaa- lll. (k) SIPC. The term SIPC means the Securities Investor Protection Corporation. (l) Corporation. The term Corporation means the Federal Deposit Insurance Corporation. (m) Dodd-Frank Act. The term Dodd-Frank Act means the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1376, enacted July 21, 2010.