Commodity Exchanges | Midpage

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United States Code

Chapter 1

Commodity Exchanges

1Short title 1aDefinitions 1bRequirements of Secretary of the Treasury regarding exemption of foreign exchange swaps and foreign exchange forwards from definition of the term “swap”2Jurisdiction of Commission; liability of principal for act of agent; Commodity Futures Trading Commission; transaction in interstate commerce 5Findings and purpose 6Regulation of futures trading and foreign transactions 6aExcessive speculation 6bContracts designed to defraud or mislead 6b–1Enforcement authority 6cProhibited transactions 6dDealing by unregistered futures commission merchants or introducing brokers prohibited; duties in handling customer receipts; conflict-of-interest systems and procedures; Chief Compliance Officer; rules to avoid duplicative regulations; swap requirements; portfolio margining accounts 6eDealings by unregistered floor trader or broker prohibited 6fRegistration and financial requirements; risk assessment 6gReporting and recordkeeping 6hFalse self-representation as registered entity member prohibited 6iReports of deals equal to or in excess of trading limits; books and records; cash and controlled transactions 6jRestrictions on dual trading in security futures products on designated contract markets and registered derivatives transaction execution facilities 6kRegistration of associates of futures commission merchants, commodity pool operators, and commodity trading advisors; required disclosure of disqualifications; exemptions for associated persons 6lCommodity trading advisors and commodity pool operators; Congressional finding 6mUse of mails or other means or instrumentalities of interstate commerce by commodity trading advisors and commodity pool operators; relation to other law 6nRegistration of commodity trading advisors and commodity pool operators; application; expiration and renewal; record keeping and reports; disclosure; statements of account 6oFraud and misrepresentation by commodity trading advisors, commodity pool operators, and associated persons 6pStandards and examinations 6qSpecial procedures to encourage and facilitate bona fide hedging by agricultural producers 6rReporting and recordkeeping for uncleared swaps 6sRegistration and regulation of swap dealers and major swap participants 6tLarge swap trader reporting 7Designation of boards of trade as contract markets 7a–1Derivatives clearing organizations 7a–2Common provisions applicable to registered entities 7bSuspension or revocation of designation as registered entity 7b–1Designation of securities exchanges and associations as contract markets 7b–2Privacy 7b–3Swap execution facilities 8Application for designation as contract market or derivatives transaction execution facility; time; suspension or revocation of designation; hearing; review by court of appeals 9Prohibition regarding manipulation and false information 9aAssessment of money penalties 9bRules prohibiting deceptive and other abusive telemarketing acts or practices 9cNotice of investigations and enforcement actions 10aCooperative associations and corporations, exclusion from board of trade; rules of board inapplicable to payment of compensation by association 11Vacation on request of designation or registration as “registered entity”; redesignation or reregistration 12Public disclosure 12–1 to 12–3Omitted 12aRegistration of commodity dealers and associated persons; regulation of registered entities 12bTrading ban violations; prohibition 12cDisciplinary actions 12dCommission action for noncompliance with export sales reporting requirements 13Violations generally; punishment; costs of prosecution 13–1Violations, prohibition against dealings in motion picture box office receipts or onion futures; punishment 13aNonenforcement of rules of government or other violations; cease and desist orders; fines and penalties; imprisonment; misdemeanor; separate offenses 13a–1Enjoining or restraining violations 13a–2Jurisdiction of States 13bManipulations or other violations; cease and desist orders against persons other than registered entities; punishment 13cResponsibility as principal; minor violations 15Omitted 15bCotton futures contracts 16Commission operations 16aService fees and National Futures Association study 17Separability 17aSeparability of 1936 amendment 17bSeparability of 1968 amendment 18Complaints against registered persons 19Consideration of costs and benefits and antitrust laws 20Market reports 21Registered futures associations 22Research and information programs; reports to Congress 23Standardized contracts for certain commodities 24Customer property with respect to commodity broker debtors; definitions 24aSwap data repositories 25Private rights of action 26Commodity whistleblower incentives and protection 27Definitions 27aExclusion of identified banking product 27cExclusion of certain other identified banking products 27dAdministration of the predominance test 27fContract enforcement