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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 78c2 Securities-related derivatives us united_states_code code_section 15 COMMERCE AND TRADE 2B SECURITIES EXCHANGES 78c2 15 U.S.C. § 78c2 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s78c2 data/legal/raw/us/code/title-15/usc15.xml 441e66545ac1f53d7a1de01a49dc2be86f874340189b2b92b29bb5b7fef83db0 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 991b3af67dcd8accf5d9a52f9bbd027206acef6ba927bc042bca9f36d80a602b 2026-07-04 official
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15 U.S.C. § 78c2 - Securities-related derivatives

Text

(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.

(June 6, 1934, ch. 404, title I, § 3B, as added Pub. L. 111203, title VII, § 717(b), July 21, 2010, 124 Stat. 1651.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection effective on the later of 360 days after July 21, 2010, or, to the extent a provision of subtitle A (§§ 711754) of title VII of Pub. L. 111203 requires a rulemaking, not less than 60 days after publication of the final rule or regulation implementing such provision of subtitle A, see section 754 of Pub. L. 111203, set out as an Effective Date of 2010 Amendment note under section 1a of Title 7, Agriculture.