15 U.S.C. § 8321 — Authority to define terms
submitted 16 years ago by Pub. L. 111-203 to r/title-15-COMMERCE-AND-TRADE · 93 words · no verdicts yet
This section addresses authority to define terms. It sets out the powers, duties, requirements, rights, limits, or penalties stated in the section.
(a) Authority to define terms The Commodity Futures Trading Commission may adopt a rule to define—
(1) the term “commercial risk”; and
(2) any other term included in an amendment to the Commodity Exchange Act ( 7 U.S.C. 1 et seq.) made by this subtitle.
(b) Modification of definitions To include transactions and entities that have been structured to evade this subtitle (or an amendment made by this subtitle), the Commodity Futures Trading Commission must adopt a rule to further define the terms “swap”, “swap dealer”, “major swap participant”, and “eligible contract participant”.
The Commodity Futures Trading Commission may adopt a rule to define—
the term “commercial risk”; and
any other term included in an amendment to the Commodity Exchange Act (7 U.S.C. 1 et seq.) made by this subtitle.
To include transactions and entities that have been structured to evade this subtitle (or an amendment made by this subtitle), the Commodity Futures Trading Commission shall adopt a rule to further define the terms “swap”, “swap dealer”, “major swap participant”, and “eligible contract participant”.
Source credit: (Pub. L. 111–203, title VII, § 721(b), (c), July 21, 2010, 124 Stat. 1670.)
- 2010Enacted · Pub. L. 111-203 · 124 Stat. 1670
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-203 on 2010-07-21.
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