15 U.S.C. § 8304 — Authority to prohibit participation in swap activities
submitted 16 years ago by Pub. L. 111-203 to r/title-15-COMMERCE-AND-TRADE · 77 words · no verdicts yet
This section addresses authority to prohibit participation in swap activities. It sets out the applicable duties, powers, limits, procedures, or funding rules described below.
Except as provided in section 6 of title 7 , if the Commodity Futures Trading Commission or the Securities and Exchange Commission determines that the regulation of swaps or security-based swaps markets in a foreign country undermines the stability of the United States financial system, either Commission, in consultation with the Secretary of the Treasury, may prohibit an entity domiciled in the foreign country from participating in the United States in any swap or security-based swap activities.
Except as provided in section 6 of title 7, if the Commodity Futures Trading Commission or the Securities and Exchange Commission determines that the regulation of swaps or security-based swaps markets in a foreign country undermines the stability of the United States financial system, either Commission, in consultation with the Secretary of the Treasury, may prohibit an entity domiciled in the foreign country from participating in the United States in any swap or security-based swap activities.
Source credit: (Pub. L. 111–203, title VII, § 715, July 21, 2010, 124 Stat. 1647.)
- 2010Enacted · Pub. L. 111-203 · 124 Stat. 1647
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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