Page:United States Statutes at Large Volume 114 Part 5.djvu/466

 114 STAT. 2763A-426 PUBLIC LAW 106-554—APPENDIX E (B) in paragraph (2)— (i) by inserting "(A)" after "interest in any"; and (ii) by striking "; or" and inserting "; or (B) such security futures product; or"; and (C) in paragraph (3)— (i) by inserting "(A)" after "interest in any"; and (ii) by inserting "; or (B) such security futures product" after "privilege". (2) MANIPULATION IN OPTIONS AND OTHER DERIVATIVE PROD- UCTS.— Section 9(g) of the Securities Exchange Act of 1934 (15 U.S.C. 78i(g)) is amended— (A) by inserting "(1)" after "(g)"; (B) by inserting "other than a security futures product" after "future delivery"; and (C) by adding at the end the following: "(2) Notwithstanding the Commodity Exchange Act, the Commission shall have the authority to regulate the trading of any security futures product to the extent provided in the securities laws.". (3) LIABILITY OF CONTROLLING PERSONS AND PERSONS WHO AID AND ABET VIOLATIONS.—Section 20(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78t(d)) is amended by striking "or privilege" and inserting ", privilege, or security futures product". (4) LLVBILITY TO CONTEMPORANEOUS TRADERS FOR INSIDER TRADING.— Section 21A(a)(l) of the Securities Exchange Act of 1934 (15 U.S.C. 78u-1(a)(1)) is amended by striking "standardized options, the Commission—" and inserting "standardized options or security futures products, the Commission—". (5) ENFORCEMENT CONSULTATION. —Section 21 of the Securities Exchange Act of 1934 (15 U.S.C. 78u) is amended by adding at the end the following: "(i) INFORMATION TO CFTC. —The Commission shall provide the Commodity Futures Trading Commission with notice of the commencement of any proceeding and a copy of any order entered by the Commission against any broker or dealer registered pursuant to section 15(b)(ll), any exchange registered pursuant to section 6(g), or any national securities association registered pursuant to section 15A(k).". SEC. 206. SPECIAL PROVISIONS FOR THE TRADING OF SECURITY FUTURES PRODUCTS. (a) LISTING STANDARDS AND CONDITIONS FOR TRADING.—Section 6 of the Securities Exchange Act of 1934 (15 U.S.C. 78f) is amended by inserting after subsection (g), as added by section 202, the following: "(h) TRADING IN SECURITY FUTURES PRODUCTS.— "(1) TRADING ON EXCHANGE OR ASSOCIATION REQUIRED.— It shall be unlawful for any person to effect transactions in security futures products that are not listed on a national securities exchange or a national securities association registered pursuant to section 15A(a). "(2) LISTING STANDARDS REQUIRED.— Except as otherwise provided in paragraph (7), a national securities exchange or a national securities association registered pursuant to section

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