Sec. 101. Enhanced protections for futures customers
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Section 17 of the Commodity Exchange Act ( 7 U.S.C. 21 ) (as amended by section 416(o)(1)) is amended by adding at the end the following: Each registered futures association shall submit to the Commission rules that— require each member of the association that is a futures commission merchant to maintain written policies and procedures regarding the maintenance of— the residual interest of the member, as described in section 1.23 of title 17, Code of Federal Regulations (or successor regulations), in any customer segregated funds of the member, as identified in section 1.20 of that title (or successor regulations), and in any foreign futures and foreign options customer secured amount funds of the member, as identified in section 30.7 of that title (or successor regulations); and the residual interest of the member, as described in section 22.2(e)(4) of that title (or successor regulations), in any cleared swaps customer collateral of the member, as identified in section 22.2 of that title (or successor regulations); and govern the withdrawal, transfer, or disbursement by any member, as described in section 1.23 of that title (or successor regulations), of the association, that is a futures commission merchant, of the residual interest of the member in any customer segregated funds as provided in section 1.20 of that title (or successor regulations), in any foreign futures and foreign options customer secured amount funds, identified as provided in section 30.7 of that title (or successor regulations), and in any cleared swaps customer collateral, identified as provided in section 22.2 of that title (or successor regulations). .
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Sec. 101
Enhanced protections for futures customers
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