Sec. 311. End-user margin requirements
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Section 4s(e) of the Commodity Exchange Act ( 7 U.S.C. 6s(e) ) is amended by adding at the end the following new paragraph: The requirements of paragraphs (2)(A)(ii) and (2)(B)(ii), including the initial and variation margin requirements imposed by rules adopted pursuant to paragraphs (2)(A)(ii) and (2)(B)(ii), shall not apply to a swap in which a counterparty qualifies for an exception under section 2(h)(7)(A), or an exemption issued under section 4(c)(1) from the requirements of section 2(h)(1)(A) for cooperative entities as defined in such exemption, or satisfies the criteria in section 2(h)(7)(D). .
Section 15F(e) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o–10(e) ) is amended by adding at the end the following new paragraph: The requirements of paragraphs (2)(A)(ii) and (2)(B)(ii) shall not apply to a security-based swap in which a counterparty qualifies for an exception under section 3C(g)(1) or satisfies the criteria in section 3C(g)(4). .
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- 15 USC 78o–10(e)
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