Par. 7. New Sec. 1.475(e)-1 and Secs. 1.475(f)-1 and 1.475(f)-2 are added to read as follows:
(a) Time and manner of making election. An election under section 475(f)(1) or (2) must be made in the time and manner prescribed by the Commissioner.
(b) Coordination with section 475(a). If a dealer in securities also has a securities or commodities trading business or a commodities dealing business, the dealer may make an election under section 475(e)(1), (f)(1), or (f)(2) for that business.