Page:United States Statutes at Large Volume 106 Part 4.djvu/892

 106 STAT. 3628 PUBLIC LAW 102-546—OCT. 28, 1992 ery on or subject to the rules of any contract market; and "(B) in or in connection with such solicitation or acceptance of orders, accepts any money, securities, or property (or extends credit in lieu thereof) to margin, guarantee, or secure any trades or contracts that result or may result therefix)m. "(13) INTERSTATE COMMERCE. —The term 'interstate commerce' means conmaerce— "(A) between any State, territory, or possession, or the District of Columbia, and any place outside thereof; or "(B) between points within the same state, territory, or possession, or the District of Columbia, but through any place outside thereof, or within any territory or possession, or the District of Colximbia. "(14) INTRODUCING BROKER.— The term 'introducing broker* means any person (except an individual who elects to be and is registered as an associated person of a futures commission merchant) engaged in soliciting or in accepting orders for the piirchase or sale of any commodity for future delivery on or subject to the rules of any contract market who does not accept any money, securities, or property (or extend credit in lieu thereof) to margin, guarantee, or secure any trades or contracts that result or may result therefrom. "(15) MEMBER OF A CONTRACT MARKET.— The term 'member of a contract market' means an individual, association, partnership, corporation, or trust owning or holding membership in, or admitted to membership representation on, a contract market or given members' trading privileges thereon. "(16) PERSON. —The term 'person' imports the plural or singular, and includes individuals, associations, partnerships, corporations, and trusts.". (b) CONFORMING AMENDMENTS.— Section 2(a)(l)(A) (7 U.S.C. 2 and 4) is amended— (1) by striking "For the purposes" and all that follows through "; Provided, That the Commission" and inserting "(i) The Commission"; (2) by striking ": And provided further, That, except" and inserting a period and "Except"; (3) by redesignating clauses (i) and (ii) of the third sentence (as in effect before the amendments made by this subsection) as subclauses (I) and (II), respectively; (4) by designating the fifth sentence (as in effect before the amendments made by this subsection) as clause (ii); (5) by striking the sixth and seventh sentences (as in effect before the amendments made by this subsection); (6) by designating the eighth sentence (as in effect before the amendments made b^ this subsection) as clause (iii); and (7) by striking the ninth sentence (as in effect before the amendments made by this subsection) through the end of the subparagraph. TITLE V—INTERMARKET COORDINATION SEC. 501. MARGIN ON STOCK INDEX FUTURES. Section 2(a)(l)(B) (7 U.S.C. 2a) is amended by adding at the end the following new clause:

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