Title 7AgricultureRelease 119-73

§11 Vacation on request of designation or registration as “registered entity”; redesignation or reregistration

Title 7 › Chapter CHAPTER 1— - COMMODITY EXCHANGES › § 11

Last updated Apr 6, 2026|Official source

Summary

A person who is designated or registered as a registered entity can cancel that status by sending the Commission a written notice that names the day the cancellation should start. The notice must be given at least 90 days before that day. The Commission must then promptly order the cancellation effective on the date named and send copies of the notice and its order to all other registered entities. After the cancellation is effective, the person may apply again to be a registered entity by filing a new application in the same way as an original applicant.

Full Legal Text

Title 7, §11

Agriculture — Source: USLM XML via OLRC

Any person that has been designated or registered a registered entity in the manner provided in this chapter may have such designation or registration vacated and set aside by giving notice in writing to the Commission requesting that its designation or registration as a registered entity be vacated, which notice shall be served at least ninety days prior to the date named therein as the date when the vacation of designation or registration shall take effect. Upon receipt of such notice the Commission shall forthwith order the vacation of the designation or registration of the registered entity, effective upon the day named in the notice, and shall forthwith send a copy of the notice and its order to all other registered entities. From and after the date upon which the vacation became effective the said person can thereafter be designated or registered again a registered entity by making application to the Commission in the manner in this chapter provided for an original application.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2000—Pub. L. 106–554, in first sentence, substituted “person” for “board of trade”, inserted “or registered” after “designated”, inserted “or registration” after “designation” wherever appearing, and substituted “registered entity” for “contract market” in two places, in second sentence, substituted “designation or registration of the registered entity” for “designation of such board of trade as a contract market” and “registered entities” for “contract markets”, and, in last sentence, substituted “person” for “board of trade” and “designated or registered again a registered entity” for “designated again a contract market”. 1974—Pub. L. 93–463 substituted “Commission” for “Secretary of Agriculture” and “its order” for “his order”.

Statutory Notes and Related Subsidiaries

Effective Date

of 1974 AmendmentFor

Effective Date

of amendment by Pub. L. 93–463, see section 418 of Pub. L. 93–463, set out as a note under section 2 of this title.

Reference

Citations & Metadata

Citation

7 U.S.C. § 11

Title 7Agriculture

Last Updated

Apr 6, 2026

Release point: 119-73