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7.10 Extraterritorial Jurisdiction of the CFTC and SEC

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7.10 Extraterritorial Jurisdiction of the CFTC and SEC

 

 


            7.10.      Extraterritorial Jurisdiction of the CFTC and SEC.  If the CFTC or SEC determines that the regulation of swaps or security-based swaps in a foreign jurisdiction undermines the stability of the United States financial system, the CFTC or SEC, as applicable, in consultation with the Treasury, may prohibit an entity domiciled in such foreign jurisdiction from participating in the U.S. derivatives markets. [§715]