Sec. 125. Affiliate conditions
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/bill/116/hr/4895/rh/section-125A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 2(h)(7)(D)(iv) of the Commodity Exchange Act ( 7 U.S.C. 2(h)(7)(D)(iv) ) is amended— in subclause (I), by striking risk; and and inserting risk, unless the affiliate can demonstrate to the Commission, as determined by the Commission, that— the affiliate has utilized the exception in clause
(i)only to hedge or mitigate commercial risk; and the affiliate complies, as a financial entity, with the obligations of the affiliate with respect to any swap for which the exception in clause
(i)is not exercised; and ; and in subclause (II), by striking neither the affiliate nor any person affiliated with the affiliate that is not a financial entity and inserting neither the affiliate that qualifies for the exception in clause
(i)nor any person affiliated with the affiliate, that is directly or indirectly wholly- or majority-owned by the same ultimate parent, and that enters into swaps with the affiliate .
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Sec. 125
Affiliate conditions
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