Page:United States Statutes at Large Volume 124.djvu/1753

 124 STAT. 1727 PUBLIC LAW 111–203—JULY 21, 2010 a registered entity, unless the Commission determines that— ‘‘(i) the foreign board of trade makes public daily trading information regarding the agreement, contract, or transaction that is comparable to the daily trading information published by the registered entity for the 1 or more contracts against which the agreement, con- tract, or transaction traded on the foreign board of trade settles; and ‘‘(ii) the foreign board of trade (or the foreign futures authority that oversees the foreign board of trade)— ‘‘(I) adopts position limits (including related hedge exemption provisions) for the agreement, contract, or transaction that are comparable to the position limits (including related hedge exemp- tion provisions) adopted by the registered entity for the 1 or more contracts against which the agreement, contract, or transaction traded on the foreign board of trade settles; ‘‘(II) has the authority to require or direct market participants to limit, reduce, or liquidate any position the foreign board of trade (or the foreign futures authority that oversees the foreign board of trade) determines to be necessary to pre- vent or reduce the threat of price manipulation, excessive speculation as described in section 4a, price distortion, or disruption of delivery or the cash settlement process; ‘‘(III) agrees to promptly notify the Commis- sion, with regard to the agreement, contract, or transaction that settles against any price (including the daily or final settlement price) of 1 or more contracts listed for trading on a reg- istered entity, of any change regarding— ‘‘(aa) the information that the foreign board of trade will make publicly available; ‘‘(bb) the position limits that the foreign board of trade or foreign futures authority will adopt and enforce; ‘‘(cc) the position reductions required to prevent manipulation, excessive speculation as described in section 4a, price distortion, or disruption of delivery or the cash settlement process; and ‘‘(dd) any other area of interest expressed by the Commission to the foreign board of trade or foreign futures authority; ‘‘(IV) provides information to the Commission regarding large trader positions in the agreement, contract, or transaction that is comparable to the large trader position information collected by the Commission for the 1 or more contracts against which the agreement, contract, or transaction traded on the foreign board of trade settles; and ‘‘(V) provides the Commission such informa- tion as is necessary to publish reports on aggregate Reports. Public information. Notification.