Subpart B of this part, the definitions of Adverse Claim, Book-entry Security, Entitlement Holder, Federal Reserve Bank Operating Circular, Funds Account, Issue, Participant, Participant's Securities Account, Person, Revised Article 8, Securities Intermediary, Security Entitlement, State, and Transfer Message and revisions to the definitions of Security and TRADES, and Sec. Sec. 357.42 and 357.44 and the revisions to Sec. 357.41 are effective January 1, 1997. All other provisions in effect prior to January 1, 1997, remain in effect. [61 FR 43628, Aug. 23, 1996]