Sec. 103. Notice and certifications providing additional customer protections
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Section 17 of the Commodity Exchange Act ( 7 U.S.C. 21 ) (as amended by section 102) is amended by adding at the end the following: A futures commission merchant that has adjusted net capital in an amount less than the amount required by regulations established by the Commission or a self-regulatory organization of which the futures commission merchant is a member shall immediately notify the Commission and the self-regulatory organization of that occurrence. A futures commission merchant that does not hold a sufficient amount of funds in segregated accounts for futures customers under section 1.20 of title 17, Code of Federal Regulations (or successor regulations), in foreign futures and foreign options secured amount accounts for foreign futures and foreign options secured amount customers under section 30.7 of that title (or successor regulations), or in segregated accounts for cleared swap customers under section 22.2 of that title (or successor regulations), as required by regulations established by the Commission or a self-regulatory organization of which the futures commission merchant is a member, shall immediately notify the Commission and the self-regulatory organization of that occurrence.
Not later than the last day of such period as is established by the Commission after the end of each fiscal year, each futures commission merchant shall file with the Commission a report from the chief compliance officer of the futures commission merchant containing an assessment of the internal compliance programs of the futures commission merchant. .
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Sec. 103
Notice and certifications providing additional customer protections
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