§ 7b-2. — Privacy.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC7b-2]
TITLE 7--AGRICULTURE
CHAPTER 1--COMMODITY EXCHANGES
Sec. 7b-2. Privacy
(a) Treatment as financial institutions
Notwithstanding section 509(3)(B) of the Gramm-Leach-Bliley Act [15
U.S.C. 6809(3)(B)], any futures commission merchant, commodity trading
advisor, commodity pool operator, or introducing broker that is subject
to the jurisdiction of the Commission under this chapter with respect to
any financial activity shall be treated as a financial institution for
purposes of title V of such Act [15 U.S.C. 6801 et seq.] with respect to
such financial activity.
(b) Treatment of CFTC as Federal functional regulator
For purposes of title V of such Act [15 U.S.C. 6801 et seq.], the
Commission shall be treated as a Federal functional regulator within the
meaning of section 509(2) of such Act [15 U.S.C. 6809(2)] and shall
prescribe regulations under such title within 6 months after December
21, 2000.
(Sept. 21, 1922, ch. 369, Sec. 5g, as added Pub. L. 106-554,
Sec. 1(a)(5) [title I, Sec. 124], Dec. 21, 2000, 114 Stat. 2763, 2763A-
411.)
References in Text
The Gramm-Leach-Bliley Act, referred to in text, is Pub. L. 106-102,
Nov. 12, 1999, 113 Stat. 1338. Title V of the Act is classified
principally to chapter 94 (Sec. 6801 et seq.) of Title 15, Commerce and
Trade. For complete classification of this Act to the Code, see Short
Title of 1999 Amendment note set out under section 1811 of Title 12,
Banks and Banking, and Tables.
