Title 15, Commerce and TradeRelease 119-110
§8341 Authority to Further Define Terms
Title 15 › CHAPTER 109 — WALL STREET TRANSPARENCY AND ACCOUNTABILITY › SUBCHAPTER II — REGULATION OF SECURITY-BASED SWAP MARKETS › § 8341
Summary
SEC may make rules to define terms—commercial risk, any term added to 15 U.S.C. 78c(a) by this subtitle, and security-based swap-related terms—so deals or parties set up to evade this subtitle or its amendments are covered.
Full Legal Text
Title 15, §8341
Commerce and Trade, Source: USLM XML via OLRC
The Securities and Exchange Commission may, by rule, further define—
(1)the term “commercial risk”;
(2)any other term included in an amendment to the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) made by this subtitle; and
(3)the terms “security-based swap”, “security-based swap dealer”, “major security-based swap participant”, and “eligible contract participant”, with regard to security-based swaps (as such terms are defined in the amendments made by subsection (a)) for the purpose of including transactions and entities that have been structured to evade this subtitle or the amendments made by this subtitle.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This subtitle, referred to in pars. (2) and (3), is subtitle B (§§ 761–774) of title VII of Pub. L. 111–203,
July 21, 2010, 124 Stat. 1754, which enacted this subchapter and sections 78c–3 to 78c–5, 78j–2, 78m–1, and 78o–10 of this title, amended section 77b, 77b–1, 77e, 77q, 78c, 78c–1, 78f, 78i, 78j, 78m, 78o, 78p, 78q–1, 78t, 78u–1, 78u–2, 78bb, 78dd, 78mm, 80a–2, and 80b–2 of this title, enacted provisions set out as a note under section 77b of this title, and amended provisions set out as a note under section 78c of this title. For complete classification of subtitle B to the Code, see Tables. Subsection (a), referred to in par. (3), is subsec. (a) of section 761 of title VII of Pub. L. 111–203,
July 21, 2010, 124 Stat. 1754, which amended section 78c of this title.
Statutory Notes and Related Subsidiaries
Effective Date
Provisions of subchapter effective on the later of 360 days after July 21, 2010, or, to the extent the provision requires a rulemaking, not less than 60 days after publication of the final rule or regulation implementing such provision, see section 774 of Pub. L. 111–203, set out as an
Effective Date
of 2010 Amendment note under section 77b of this title. Definition For definition of “including” as used in this section, see section 5301 of Title 12, Banks and Banking.
Reference
Citations & Metadata
Citation
15 U.S.C. § 8341
Title 15, Commerce and Trade
Last Updated
Sep 23, 2026
Release point: 119-110