Section text and notes
section 6(c)(1) of title 7 Any agreement, contract, or transaction (or class thereof) that is exempted by the Commodity Futures Trading Commission pursuant to 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.
section 6(c)(1) of title 7 With respect to any agreement, contract, or transaction (or class thereof) that is exempted by the Commodity Futures Trading Commission pursuant to 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 Pub. L. 111–203, title VII, § 717(b)124 Stat. 1651 (, title I, § 3B, as added , , .)
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 111–203section 754 of Pub. L. 111–203section 1a of Title 7Section effective on the later of 360 days after , or, to the extent a provision of subtitle A (§§ 711–754) of title VII of requires a rulemaking, not less than 60 days after publication of the final rule or regulation implementing such provision of subtitle A, see , set out as an Effective Date of 2010 Amendment note under , Agriculture.