Page:United States Statutes at Large Volume 124.djvu/1669

 124 STAT. 1643 PUBLIC LAW 111–203—JULY 21, 2010 (i) security-based swap dealers; (ii) major security-based swap participants; (iii) security-based swap data repositories; (iv) associated persons of a security-based swap dealer or major security-based swap participant; (v) eligible contract participants with respect to security-based swaps; or (vi) swap execution facilities with respect to secu- rity-based swaps. (2) SECURITIES AND EXCHANGE COMMISSION.—Nothing in this title, unless specifically provided, confers jurisdiction on the Securities and Exchange Commission or State securities regulators to issue a rule, regulation, or order providing for oversight or regulation of— (A) swaps; or (B) with regard to its activities or functions concerning swaps— (i) swap dealers; (ii) major swap participants; (iii) swap data repositories; (iv) persons associated with a swap dealer or major swap participant; (v) eligible contract participants with respect to swaps; or (vi) swap execution facilities with respect to swaps. (3) PROHIBITION ON CERTAIN FUTURES ASSOCIATIONS AND NATIONAL SECURITIES ASSOCIATIONS.— (A) FUTURES ASSOCIATIONS.—Notwithstanding any other provision of law (including regulations), unless other- wise authorized by this title, no futures association reg- istered under section 17 of the Commodity Exchange Act (7 U.S.C. 21) may issue a rule, regulation, or order for the oversight or regulation of, or otherwise assert jurisdic- tion over, for any purpose, any security-based swap, except that this subparagraph shall not limit the authority of a registered futures association to examine for compliance with, and enforce, its rules on capital adequacy. (B) NATIONAL SECURITIES ASSOCIATIONS.—Notwith- standing any other provision of law (including regulations), unless otherwise authorized by this title, no national securi- ties association registered under section 15A of the Securi- ties Exchange Act of 1934 (15 U.S.C. 78o–3) may issue a rule, regulation, or order for the oversight or regulation of, or otherwise assert jurisdiction over, for any purpose, any swap, except that this subparagraph shall not limit the authority of a national securities association to examine for compliance with, and enforce, its rules on capital ade- quacy. (c) OBJECTION TO COMMISSION REGULATION.— (1) FILING OF PETITION FOR REVIEW.— (A) IN GENERAL.—If either Commission referred to in this section determines that a final rule, regulation, or order of the other Commission conflicts with subsection (a)(7) or (b), then the complaining Commission may obtain review of the final rule, regulation, or order in the United States Court of Appeals for the District of Columbia Circuit by filing in the court, not later than 60 days after the Deadline.