(1)Except as provided in paragraph (2), not later than six months after the effective date of rules promulgated by the Federal Trade Commission under section
6102(a) of title
15, the Commission shall promulgate, or require each registered futures association to promulgate, rules substantially similar to such rules to prohibit deceptive and other abusive telemarketing acts or practices by any person registered or exempt from registration under this chapter in connection with such person’s business as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, leverage transaction merchant, floor broker, or floor trader, or a person associated with any such person.
(2)The Commission is not required to promulgate rules under paragraph (1) if it determines that—
(A)rules adopted by the Commission under this chapter provide protection from deceptive and abusive telemarketing by persons described under paragraph (1) substantially similar to that provided by rules promulgated by the Federal Trade Commission under section
6102(a) of title
(B)such a rule promulgated by the Commission is not necessary or appropriate in the public interest, or for the protection of customers in the futures and options markets, or would be inconsistent with the maintenance of fair and orderly markets.
If the Commission determines that an exception described in subparagraph (A) or (B) applies, the Commission shall publish in the Federal Register its determination with the reasons for it.
Section is comprised of subsec. (f) ofsection
6 of act Sept. 21, 1922. Subsecs. (a) and (b) ofsection
6 are classified to section
8 of this title. Subsec. (c) ofsection
6 is classified to section
9 of this title. Subsecs. (d), (e), and (g) ofsection
6 are classified to sections
9c of this title, respectively.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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