15 U.S.C. § 8304 — Authority to prohibit participation in swap activities

FEDERAL · 15 U.S.C. · Chapter 109

Authority to prohibit participation in swap activities

Current through Pub. L. 119-102

Title 15 — Commerce and Trade·Ch. 109 — WALL STREET TRANSPARENCY AND ACCOUNTABILITY·Subch. I·Pt. A

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.

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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.

15 U.S.C. § 8304 (Authority to prohibit participation in swap activities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(Pub. L. 111–203, title VII, §715, July 21, 2010, 124 Stat. 1647.)

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