# 31 CFR § 566.303: Covered financial institution

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-566.303

## Section

- **Citation:** 31 CFR § 566.303
- **Heading:** Covered financial institution
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY > PART 566—HIZBALLAH FINANCIAL SANCTIONS REGULATIONS > Subpart C—General Definitions

## Text

The term covered financial institution means a broker or dealer in securities registered, or required to be registered, with the Securities and Exchange Commission under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.), except persons who register pursuant to section 15(b)(11) of the Securities Exchange Act of 1934; a futures commission merchant or an introducing broker registered, or required to be registered, with the Commodity Futures Trading Commission under the Commodity Exchange Act (7 U.S.C. 1 et seq.), except persons who register pursuant to section 4(f)(a)(2) of the Commodity Exchange Act; or a mutual fund.

## Nearby sections

- [31 CFR § 566.101 § 566.101 Relation of this part to other laws and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.101.md)
- [31 CFR § 566.201 § 566.201 Prohibitions or strict conditions with respect to correspondent or payable-through accounts of certain foreign financial institutions identified by the Secretary of the Treasury.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.201.md)
- [31 CFR § 566.202 § 566.202 Evasions; attempts; causing violations; conspiracies.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.202.md)
- [31 CFR § 566.203 § 566.203 Exempt transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.203.md)
- [31 CFR § 566.300 § 566.300 Applicability of definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.300.md)
- [31 CFR § 566.301 § 566.301 Agent.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.301.md)
- [31 CFR § 566.302 § 566.302 Correspondent account.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.302.md)
- [31 CFR § 566.303 § 566.303 Covered financial institution.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.303.md)
- [31 CFR § 566.304 § 566.304 Effective date.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.304.md)
- [31 CFR § 566.305 § 566.305 Entity.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.305.md)
- [31 CFR § 566.306 § 566.306 Financial institution.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.306.md)
- [31 CFR § 566.307 § 566.307 Financial services.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.307.md)
- [31 CFR § 566.308 § 566.308 Financial transaction.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.308.md)
- [31 CFR § 566.309 § 566.309 Foreign financial institution.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.309.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-566.303. Check the current official text before relying on it. Not legal advice.