PUBLIC LAW 106-554—APPENDIX E 114 STAT. 2763A-413 foreign regulatory authorities, to participate in international regulatory organizations and forums, and to provide technical assistance to foreign government authorities, in order to encourage— (1) the facilitation of cross-border transactions through the removal or lessening of any unnecessary legal or practical obstacles; (2) the development of internationaly accepted regulatory standards of best practice; (3) the enhancement of international supervisory cooperation and emergency procedures; (4) the strengthening of international cooperation for customer and market protection; and (5) improvements in the quality and timeliness of international information sharing. TITLE II—COORDINATED REGULATION OF SECURITY FUTURES PRODUCTS Subtitle A—Securities Law Amendments SEC. 201. DEFINITIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934. Section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) is amended— (1) in paragraph (10), by inserting "security future," after "treasury stock,"; (2) by striking paragraph (11) and inserting the following: "(11) The term 'equity security' means any stock or similar security; or any security future on any such security; or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right; or any other security which the Commission shall deem to be of similar nature and consider necessary or appropriate, by such rules and regulations as it may prescribe in the public interest or for the protection of investors, to treat as an equity security."; (3) in paragraph (13), by adding at the end the following: "For security futures products, such term includes any contract, agreement, or transaction for ftiture delivery."; (4) in paragraph (14), by adding at the end the following: "For security futures products, such term includes any contract, agreement, or transaction for ftiture delivery."; and (5) by adding at the end the following: "(55)(A) The term 'security future' means a contract of sale for ftiture delivery of a single security or of a narrowbased security index, including any interest therein or based on the value thereof, except an exempted security under section 3(a)(12) of the Securities Exchange Act of 1934 as in effect on the date of the enactment of the Futures Trading Act of 1982 (other than any municipal security as defined in section 3(a)(29) as in effect on the date of the enactment of the Futures Trading Act of 1982). The term 'security future' does not include any agreement, contract, or transaction excluded from the Commodity Exchange Act under section 2(c), 2(d), 2(f), or 2(g)
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