### Question
Can you define what new hybrid product means?


### Answer
**New hybrid product** is defined as the following in *15 U.S.C. § 78o*:

> 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

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

