Page:United States Statutes at Large Volume 124.djvu/1847

 124 STAT. 1821 PUBLIC LAW 111–203—JULY 21, 2010 SEC. 811. OTHER AUTHORITY. Unless otherwise provided by its terms, this title does not divest any appropriate financial regulator, any Supervisory Agency, or any other Federal or State agency, of any authority derived from any other applicable law, except that any standards prescribed by the Board of Governors under section 805 shall supersede any less stringent requirements established under other authority to the extent of any conflict. SEC. 812. CONSULTATION. (a) CFTC.—The Commodity Futures Trading Commission shall consult with the Board of Governors— (1) prior to exercising its authorities under sections 2(h)(2)(C), 2(h)(3)(A), 2(h)(3)(C), 2(h)(4)(A), and 2(h)(4)(B) of the Commodity Exchange Act, as amended by the Wall Street Transparency and Accountability Act of 2010; (2) with respect to any rule or rule amendment of a deriva- tives clearing organization for which a stay of certification has been issued under section 745(b)(3) of the Wall Street Transparency and Accountability Act of 2010; and (3) prior to exercising its rulemaking authorities under section 728 of the Wall Street Transparency and Accountability Act of 2010. (b) SEC.—The Commission shall consult with the Board of Governors— (1) prior to exercising its authorities under sections 3C(a)(2)(C), 3C(a)(3)(A), 3C(a)(3)(C), 3C(a)(4)(A), and 3C(a)(4)(B) of the Securities Exchange Act of 1934, as amended by the Wall Street Transparency and Accountability Act of 2010; (2) with respect to any proposed rule change of a clearing agency for which an extension of the time for review has been designated under section 19(b)(2) of the Securities Exchange Act of 1934; and (3) prior to exercising its rulemaking authorities under section 13(n) of the Securities Exchange Act of 1934, as added by section 763(i) of the Wall Street Transparency and Account- ability Act of 2010. SEC. 813. COMMON FRAMEWORK FOR DESIGNATED CLEARING ENTITY RISK MANAGEMENT. The Commodity Futures Trading Commission and the Commis- sion shall coordinate with the Board of Governors to jointly develop risk management supervision programs for designated clearing enti- ties. Not later than 1 year after the date of enactment of this Act, the Commodity Futures Trading Commission, the Commission, and the Board of Governors shall submit a joint report to the Committee on Banking, Housing, and Urban Affairs and the Com- mittee on Agriculture, Nutrition, and Forestry of the Senate, and the Committee on Financial Services and the Committee on Agri- culture of the House of Representatives recommendations for— (1) improving consistency in the designated clearing entity oversight programs of the Commission and the Commodity Futures Trading Commission; (2) promoting robust risk management by designated clearing entities; (3) promoting robust risk management oversight by regu- lators of designated clearing entities; and Deadline. Reports. 12 USC 5472. 12 USC 5471. 12 USC 5470.