7 USC 6 - Registration and regulation of swap dealers and major swap participants

1 So in original. Probably should be followed by a third closing parenthesis.

in accordance with section 15(c)(3) of the Securities Exchange Act of 1934 (

2 So in original. Probably should be preceded by “a”.

with a Special Entity shall comply with the requirements of subparagraph (5) with respect to such Special Entity.

3 So in original. Probably should be “section 1a(18)(A)”.

of this title, that requires the swap dealer or major swap participant to have a reasonable basis to believe that the counterparty that is a Special Entity has an independent representative that—

4 So in original. Probably should be “Act”.

of 1974 [

Editorial Notes

References in Text

The Securities Exchange Act of 1934, referred to in subsec. (e)(3)(B)(ii), is act June 6, 1934, ch. 404, 48 Stat. 881, which is classified principally to chapter 2B (§ 78a et seq.) of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see section 78a of Title 15 and Tables.

The Employee Retirement Income Security Act of 1974, referred to in subsec. (h)(5)(A)(i)(VII), is Puspan. L. 93–406, Sept. 2, 1974, 88 Stat. 829, which is classified principally to chapter 18 (§ 1001 et seq.) of Title 29, Labor. For complete classification of this Act to the Code, see Short Title note set out under section 1001 of Title 29 and Tables.

Amendments

2015—Subsec. (e)(4). Puspan. L. 114–1 added par. (4).

2010—Subsec. (l). Puspan. L. 111–203, § 724(c), added subsec. (l).

Statutory Notes and Related Subsidiaries

Effective Date

Section and amendment by Puspan. L. 111–203 effective on the later of 360 days after July 21, 2010, or, to the extent a provision of subtitle A (§§ 711–754) of title VII of Puspan. L. 111–203 requires a rulemaking, not less than 60 days after publication of the final rule or regulation implementing such provision of subtitle A, see section 754 of Puspan. L. 111–203, set out as an Effective Date of 2010 Amendment note under section 1a of this title.

Implementation

Puspan. L. 114–1, title III, § 303, Jan. 12, 2015, 129 Stat. 28, provided that: “The amendments made by this title to the Commodity Exchange Act [amending this section] shall be implemented—

“(1) without regard to—

“(A) chapter 35 of title 44, United States Code; and

“(B) the notice and comment provisions of section 553 of title 5, United States Code;

“(2) through the promulgation of an interim final rule, pursuant to which public comment will be sought before a final rule is issued; and

“(3) such that paragraph (1) shall apply solely to changes to rules and regulations, or proposed rules and regulations, that are limited to and directly a consequence of such amendments.”