Sec. 124. Response to foreign regulatory authority
44 words·~1 min read·
/bill/116/hr/4895/rh/section-124A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Where a foreign authority seeks to assert direct supervisory authority over derivatives clearing organizations domiciled in the United States, the Commodity Futures Trading Commission should review the appropriateness of the exemptions granted to foreign entities, including clearinghouses, under the jurisdiction of the foreign authority.