Page:United States Statutes at Large Volume 106 Part 4.djvu/855

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PUBLIC LAW 102-546—OCT. 28, 1992 106 STAT. 3591 Sec. 227. Suspensionof registrants charged with felonies. Sec. 228. Appeals by registered futures associations. Sec. 229. Ruk assessment for holding companies. TITLE III—ASSISTANCE TO FOREIGN FUTURES AUTHORITIES Sec. 301. Subpoena authority. Sec. 302. Cooperation with foreign futures authorities. Sec. 303. Investigative assistance to foreign futures authorities. Sec. 304. Disclosure of information receivedfiromforeign futures authorities. Sec. 305. Disclosure of information to foreign futures authorities. TITLE IV—AUTHORIZATION OF APPROPRIATIONS; TECHNICAL AMENDMENTS; EFFECTIVE DATE Sec. 401. Authorization of appropriations. Sec. 402. Technical amendments. Sec. 403. Effective date. Sec. 404. Definitions. TITLE V—INTERMARKET COORDINATION Sec. 501. Margin on stock index futures. Sec. 502. Exemptive authority. SEC. 2. REFERENCES TO THE COMMODITY EXCHANGE ACT. Except as otherwise specifically provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Commodity Exchange Act (7 U.S.C. 1 et seq.). TITLE I—LIMITATIONS ON CERTAIN TRADING PRACTICES SEC. 101. DUAL TRADING. (a) PROHIBITION.— Section 4j (7 U.S.C. 6j) is amended— (1) by redesignating paragraphs (1) and (2) as subsections (b) and (c), respectively; (2) in subsection (b), as so redesignated, by striking The Commission shall within nine months after the effective date of the Commodity Futures Trading Commission Act of 1974, and subsequently when it determines that changes are required," and inserting "If, in addition to the regulations issued pursuant to subsection (a), the Commission has reason to believe that dual trading-related or facilitated abuses are not being or cannot be effectively addressed by subsection (a), the Commission shall"; and (3) by inserting a new subsection (a) to read as follows: "(a)(l) The Commission shall issue regulations to prohibit the privilege of dual trading on each contract market wmch has not been exempted from such regulations under paragraph (3). The regulations issued by the Commission under this paragraph— "(A) shall provide that the prohibition of dual trading thereunder shall take effect not less than thirty days after the issuance of the regulations; "(B) shall provide for exceptions, as the Commission determines necessary and appropriate, to ensure fairness and orderly trading in affected contract markets, including— "(i) transition measures and a reasonable phase-in period, "(ii) exceptions for spread transactions and the correction of trading errors, "(iii) allowance for a customer to designate in writing not less than once annually a named floor broker to execute