Page:United States Statutes at Large Volume 88 Part 2.djvu/88

 1404

PUBLIC LAW 93-463-OCT. 23, 1974

[88 STAT.

rially impair the contract market's ability to carry on its operations and duties." (c) Section 6(c) of the Commodity Exchange Act, as amended (7 U.S.C. 13b), is amended by deleting the words "not less than $500 nor more than $10,000" and substituting therefor the words "not more than $100,000". (d) Section 9 of the Commodity Exchange Act, as amended (7 U.S.C. 13), is amended as follows: (1) Subsection (a) is amended by striking "$10,000" and substituting therefor "$100,000". (2) Subsection (b) is amended by striking "$10,000" and substituting therefor "$100,000". (3) Subsection (c) is amended by striking "$10,000" and substituting therefor "$100,000". rufJl^of comract SEC. 213. Section 8a of the Commodity Exchange Act, as amended market. (7 U.S.C. 12a), is amended by striking subsection (7) and inserting in lieu thereof the following new subsection: "(7) to alter or supplement the rules of a contract market insofar as necessary or appropriate by rule or regulation or by order, if after making the appropriate request in writing to a contract market that such contract market effect on its own behalf specified changes in its rules and practices, and after appropriate notice and opportunity for hearing, the Commission determines that such contract market has not made the changes so required, and that such changes are necessary or appropriate for the protection of persons producing, handling, processing, or consuming any commodity traded for future delivery on such contract market, or the product or byproduct thereof, or for the protection of traders or to insure fair dealing in commodities traded for future delivery on such contract market. Such rules, regulations, or orders may specify changes with respect to such matters as: " (A) terms or conditions in contracts of sale to be executed on or subject to the rules of such contract market; " (B) the form or manner of execution of purchases and sales for future delivery; " (C) other trading requirements, excepting the setting of levels of margin; " (D) safeguards with respect to the financial responsibility of members; " (E) the manner, method, and place of soliciting business, including the content of such solicitations; and " (F) the form and manner of handling, recording, and accounting for customers' orders, transactions, and accounts; Rules for

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sons not memb"^rs SEC. 214. Ssction 8a of the Commodity Exchange Act, as amended of a contract mar- (7 U.S.C. 12a), is amended by adding the following new subsection ""''•

Emergencies.

(8):

"(8) to make and promulgate such rules and regulations with respect to those persons registered under this Act, who are not members of a contract market, as in the judgment of the Commission are reasonably necessary to protect the public interest and promote just and equitable principles of trade, including but not limited to the manner, method, and place of soliciting business, including the content of such solicitation; and". g ^ 215. Section 8a of the Commodity Exchange Act, as amended (7 U.S.C. 12a), is amended by adding the following new subsection (9):

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