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US Code · Through Public Law 119-103 (09/02/2026) · Newer source version available

15 U.S.C. § 78c–2: Securities-related derivatives

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Where this section sits in the code
  1. Title 15—COMMERCE AND TRADE
  2. CHAPTER 2B—SECURITIES EXCHANGES

(a) Any agreement, contract, or transaction (or class thereof) that is exempted by the Commodity Futures Trading Commission pursuant to section 6(c)(1) of title 7 with the condition that the Commission exercise concurrent jurisdiction over such agreement, contract, or transaction (or class thereof) shall be deemed a security for purposes of the securities laws. (b) With respect to any agreement, contract, or transaction (or class thereof) that is exempted by the Commodity Futures Trading Commission pursuant to section 6(c)(1) of title 7 with the condition that the Commission exercise concurrent jurisdiction over such agreement, contract, or transaction (or class thereof), references in the securities laws to the “purchase” or “sale” of a security shall be deemed to include the execution, termination (prior to its scheduled maturity date), assignment, exchange, or similar transfer or conveyance of, or extinguishing of rights or obligations under such agreement, contract, or transaction, as the context may require.

Collected 2026-09-10T05:56:39Z. Source file · JSON

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