### Question
How is the "financial responsibility rules" defined?


### Answer
The term **financial responsibility rules** is defined in *15 U.S.C. § 78c* as follows -

> the rules and regulations of the Commission or the rules and regulations prescribed by any self-regulatory organization relating to financial responsibility and related practices which are designated by the Commission, by rule or regulation, to be financial responsibility rules

#### Citation:
  - *15 U.S.C. § 78c*
  - Heading: **CHAPTER 2B-SECURITIES EXCHANGES**

