1 CFTC STAFF TECHNICAL CORRECTION RECOMMENDATIONS

2 (Page and line references are based on Dodd-Lincoln Bill, document #CAMI0407)

4 Page 506, line 17, strike "persons associated with" and insert "associated persons of' [to match

5 the defined term (page 526, lines 8-9)]

7 Page 508, line 8, strike "(a)(4)" and insert "(a)(7)"

9 Page 509, line 24, strike "(a)(4)" and insert "(a)(7)"

10

11 Page 512, lines 11-12, strike "commodity options," [because it is redundant of "commodity

12 futures and options" in line 11]

13

14 [CFTC-SEC Product Approval Process - Changes agreed to by CFTC and SEC staff (please feel

15 free to confirm with Elizabeth King at SEC)]

16

17 Page 520, line 21, insert "or the Chairman of the Commodity Futures Trading

18 Commission" before "may request"

19

20 Page 521, line 5, insert "or the Chairman of the Securities and Exchange Commission"

21 before "may request"

22

CFTC-CREW-0014
 1 Page 521, line 23, insert "or the Chairman of the Commodity Futures Trading

2 Commission" before "from requesting"

4 Page 522, line 6, insert "or the Chairman of the Securities and Exchange Commission"

5 before "from requesting"

7 Page 524, line 6, insert "issued pursuant to subsection (a)(3)(A)" after "the other

8 Commission"

10 Page 524, lines 11-12, strike ", including an order or orders issued under subsection

11 (a)(3)(A),"

12

13

14 Page 544, line 10, after "swap data repository" insert "registered under section 21"

15

16 Page 554, lines 3-5, strike "Notwithstanding clauses (ix) and (x) of subparagraph (B) and clause

17 (ii)" [because it relates to an earlier version and no longer applies]. Insert: "Notwithstanding a

18 written determination by the Secretary pursuant to clause (i)" instead.

19

20 Page 559, strike lines 3-5 [because there is no subsection (e) of Section 206 of the Gramm-

21 Leach-Bliley Act]. Conforming amendment: Page 558, lines 18-19, strike "to" and all that

22 follows through "paragraphs" and insert "to paragraphs"

23

CFTC-CREW-0015
 1 Page 559, line 7, as best we can tell, it appears that "section 132" should be "section 742"

2 instead. Conforming amendment: insert "of the Wall Street Transparency and Accountability

3 Act of 20 10" before the semicolon

5 Page 559, line 12, strike "2(a)(I)(D)) if the Commission determines" and insert "2(a)(I)(D) if the

6 Commissions determine"

8 Page 566, line 1, strike "and" and insert "or"

10 Page 577, line 17, strike "5h(±)" and insert "5h(e)"

11

12 Page 577, line 24, strike "(9)" and insert "(10)"

13

14 Page 578, line 8, strike "from" and insert "for"

15

16 Page 583, line 23, strike "(h)(2)(F)" and insert "(h)(I)"

17

18 Page 583, line 24, strike "(b)" and insert "(h)(8)"

19

20 Page 584, line 21, strike "subparagraph (A)" and insert "paragraph (1)"

21

22 Page 585, line 5, strike "paragraph (2)" and insert "subparagraph (B)"

23

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 1 Page 585, lines 10-11, strike "paragraph (1)" and insert "subparagraph (A)"

3 Page 585, line 23, strike "paragraph (2)" and insert "section 2(h)(8)(B) of the Commodity

4 Exchange Act"

6 Page 586, line 3, strike "paragraph (1)" and insert "section 2(h)(8)(A) of the Commodity

7 Exchange Act"

9 Page 587, line 21, strike "a swaps customer" and insert "swaps customers"

10

11 Page 589, line 4, strike "the swaps customer" and insert "swaps customers"

12

13 Page 611, line 10, strike "other"

14

15 Page 618, line 10, strike "paragraph (2)" and insert "paragraph (1)"

16

17 Page 628, line 6, strike "this subsection" and insert "subsection (f)"

18

19 Page 672, line 17, strike "section 2(h)(2)(F)" and insert "section 2(h)(I)"

20

21 Page 672, lines 20-22, strike "section 113(d) of the Wall Street Transparency and Accountability

22 Act of 20 10" and insert "section 2(h)(8)"

23

CFTC-CREW-0017
 1 Page 679, line 4, strike "obligation" and insert "obligations"

3 Page 696, line 12, strike "registered entities" and insert "a registered entity"

5 Page 697, lines 22-23, strike "regulated market" and insert "registered entity"

7 Page 713, line 10, strike "section 2(h)(4)" and insert "section 2(h)(10)"

9 Page 723, linel0 through page 724, line 25 should be stricken. [It is duplicative oflanguage on

10 page 683, line 18 through page 684, line 11 and on page 600, lines 3-21.] Conforming

11 amendments: 1) page 725, line 1, strike "(c)" and insert "(a)"; 2) page 725, line 9, strike "(d)"

12 and insert "(b)"; and 3) page 731, line 6, strike "(e)" and insert "(c)"

13

14 Page 757, line 6, strike "2(c), 2(t), or 2(i)" and insert "section 2(c) or 2(t)" [because CEA

15 Section 2(i) is now the extra-territoriality provision (see page 564, line 10 through page 565, line

16 2), which does not make sense to refer to in this preemption provision]

17

18 Page 757, strike lines 12-14, and insert "Section 22(b)(I)(A) of the Commodity Exchange Act

19 (7 U.S.C. 25(b)(I)(A)) is amended by striking "section 2(h)(7) or sections 5 through 5c" and

20 inserting "sections 5, 5b, 5c, 5h, or 21" [because section 5a is being repealed (page 682, lines 11-

21 12) and so should not be included here, and because SEFs and swap data repositories are being

22 added as new categories of "registered entities" (page 544, lines 8-10) and so new CEA Sections

23 5h and 21 should also now be referenced in this provision]

CFTC-CREW-0018
 1

2 Page 757, strike lines 15-21 [because this provision would amend Section 408 of FDIClA, but

3 Section 408 ofFDICIA is repealed elsewhere in the bill (page 707, lines 20-23)]

5 Page 773, line 23 and 24: Insert "SECURITY-BASED" before "SWAP EXECUTION

6 FACILITY" and insert "security-based" before "swap execution facility" [Since new Section

7 3D to the Securities Exchange Act of 1934 refers to "security-based swap execution

8 facilities," the term "security-based" also should be added to the definition of "swap

9 execution facility" in the securities-side of the bill]

10

11 Page 790, line 15, strike "authorize" and insert "authorizes"

12

13 Page 794, line 9, strike "from" and insert "for"

14

15 Page 821, line 4, strike "obligation" and insert "obligations"

16

17 Page 823, line 17, strike "security-based" [because it is redundant]

18

19 Page 825, line 2, strike "or" [to match wording ofCEA Title]

20

21 Page 826, lines 8-9, strike "a security-based swaps customer" and insert "security-based swaps

22 customers"

23

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 1 Page 827, line 15, strike "the security-based swaps customer" and insert "security-based swaps

2 customers"

4 Page 833, line 19, strike "narrow-based security" [because it is redundant]

6 Page 839, lines 7-8, strike "derivatives clearing organization" and insert "clearing agencies"

8 Page 862, line 15, strike "CDSTOMER" and insert "COUNTERPARTY" [to match wording of

9 CEA Title]

10

11 Page 874, line 15, strike "subsection (e)" and insert "section 15F(e)"

12

13 Page 875, line 21, strike "subsection (e)" and insert "section 15F(e)"

14

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