Page:United States Statutes at Large Volume 114 Part 5.djvu/456

 114 STAT. 2763A-416 PUBLIC LAW 106-554—APPENDIX E SEC. 202. REGULATORY RELIEF FOR MARKETS TRADING SECURITY FUTURES PRODUCTS. (a) EXPEDITED REGISTRATION AND EXEMPTION.— Section 6 of the Securities Exchange Act of 1934 (15 U.S.C. 78f) is amended by adding at the end the following: "(g) NOTICE REGISTRATION OF SECURITY FUTURES PRODUCT EXCHANGES.— "(1) REGISTRATION REQUIRED.— An exchange that lists or trades security futures products may register as a national securities exchange solely for the purposes of trading security futures products if— "(A) the exchange is a board of trade, as that term is defined by the Commodity Exchange Act (7 U.S.C. la(2)), thal^ "(i) has been designated a contract market by the Commodity Futures Trading Commission and such designation is not suspended by order of the Commodity Futures Trading Commission; or "(ii) is registered as a derivative transaction execution facility under section 5a of the Commodity Exchange Act and such registration is not suspended by the Commodity Futures Trading Commission; and "(B) such exchange does not serve as a market place for transactions in securities other than— "(i) security futures products; or "(ii) futures on exempted securities or groups or indexes of securities or options thereon that have been authorized under section 2(a)(1)(C) of the Commodity Exchange Act. "(2) REGISTRATION BY NOTICE FILING. — "(A) FORM AND CONTENT.— An exchange required to register only because such exchange lists or trades security futures products may register for purposes of this section by filing with the Commission a written notice in such form as the Commission, by rule, may prescribe containing the rules of the exchange and such other information and documents concerning such exchange, comparable to the information and documents required for national securities exchanges under section 6(a), as the Commission, by rule, may prescribe as necessary or appropriate in the public interest or for the protection of investors. If such exchange has filed documents with the Commodity Futures Trading Commission, to the extent that such documents contain information satisfying the Commission's informational requirements, copies of such documents may be filed with the Commission in lieu of the required written notice. "(B) IMMEDIATE EFFECTIVENESS.—Such registration shall be effective contemporaneously with the submission of notice, in written or electronic form, to the Commission, except that such registration shall not be effective if such registration would be subject to suspension or revocation, "(C) TERMINATION. —Such registration shall be terminated immediately if any of the conditions for registration set forth in this subsection are no longer satisfied. "(3) PUBLIC AVAILABILITY.— The Commission shall promptly publish in the Federal Register an acknowledgment of receipt

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