new hybrid product
Defined in 1 place of the United States Code.
The term “new hybrid product” means a product that—
(i) was not subjected to regulation by the Commission as a security prior to the date of the enactment of the Gramm-Leach-Bliley Act [Nov. 12, 1999];
(ii) is not an identified banking product as such term is defined in section 206 of such Act; and
(iii) is not an equity swap within the meaning of section 206(a)(6) of such Act.
Source
- 1999–present15 U.S.C. § 78OCommerce and Trade · Registration and regulation of brokers and dealers · under this section