Sec. 302. Relief for grain elevator operators, agricultural producers, agricultural counterparties, and commercial market participants
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The Commodity Exchange Act is amended by inserting after section 4t ( 7 U.S.C. 6t ) the following: Except as provided in section 4(a)(3), a member of a designated contract market or a swap execution facility that is not registered with the Commission and not required to be registered with the Commission in any capacity shall satisfy the recordkeeping requirements of this Act and any recordkeeping rule, order, or regulation under this Act by maintaining a written record of each transaction in a contract for future delivery, option on a future, swap, swaption, trade option, and related cash or forward transactions. A written record described in subsection
(a)shall be sufficient if the written record includes the final agreement between the parties and the material economic terms of the transaction. .
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Sec. 302
Relief for grain elevator operators, agricultural producers, agricultural counterparties, and commercial market participants
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