15 USC 8341 – Authority to further define terms
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The Securities and Exchange Commission may, by rule, further define—
(1) the term “commercial risk”;
(2) any other term included in an amendment to the Securities Exchange Act of 1934 1 (15 U.S.C. 78c(a)) made by this subtitle; and
(3) the terms “security-based swap”, “security-based swap dealer”, “major security-based swap participant”, and “eligible contract participant”, with regard to security-based swaps (as such terms are defined in the amendments made by subsection (a)) for the purpose of including transactions and entities that have been structured to evade this subtitle or the amendments made by this subtitle.
Terms Used In 15 USC 8341
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.