3303. Exemptions from Product Due Diligence and Know‑Your‑Product

1. Section 3301 does not apply in respect to an account maintained at a Dealer Member who is a carrying broker for that account or who only provides trade execution, clearing, settlement or custody services or a combination of these services to another Dealer Member, portfolio manager, exempt market dealer or their respective clients, for that account.
2. Section 3302 does not apply in respect to:
   1. an order execution only account,
   2. a direct electronic access account, or
   3. an account maintained at a dealer member who is a carrying broker for that account or who only provides trade execution, clearing, settlement or custody services or a combination of these services to another dealer member, portfolio manager, exempt market dealer or their respective clients, for that account.

3304. ‐ 3399. Reserved.