Page 447

PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 1821

SEC. 811. OTHER AUTHORITY. 12 USC 5470.
Unless otherwise provided by its terms, this title does not
divest any appropriate financial regulator, any Supervisory Agency,
or any other Federal or State agency, of any authority derived
from any other applicable law, except that any standards prescribed
by the Board of Governors under section 805 shall supersede any
less stringent requirements established under other authority to
the extent of any conflict.

SEC. 812. CONSULTATION. 12 USC 5471.
(a) CFTC.—The Commodity Futures Trading Commission shall
consult with the Board of Governors—
(1) prior to exercising its authorities under sections
2(h)(2)(C), 2(h)(3)(A), 2(h)(3)(C), 2(h)(4)(A), and 2(h)(4)(B) of
the Commodity Exchange Act, as amended by the Wall Street
Transparency and Accountability Act of 2010;
(2) with respect to any rule or rule amendment of a deriva-
tives clearing organization for which a stay of certification
has been issued under section 745(b)(3) of the Wall Street
Transparency and Accountability Act of 2010; and
(3) prior to exercising its rulemaking authorities under
section 728 of the Wall Street Transparency and Accountability
Act of 2010.
(b) SEC.—The Commission shall consult with the Board of
Governors—
(1) prior to exercising its authorities under sections
3C(a)(2)(C), 3C(a)(3)(A), 3C(a)(3)(C), 3C(a)(4)(A), and 3C(a)(4)(B)
of the Securities Exchange Act of 1934, as amended by the
Wall Street Transparency and Accountability Act of 2010;
(2) with respect to any proposed rule change of a clearing
agency for which an extension of the time for review has
been designated under section 19(b)(2) of the Securities
Exchange Act of 1934; and
(3) prior to exercising its rulemaking authorities under
section 13(n) of the Securities Exchange Act of 1934, as added
by section 763(i) of the Wall Street Transparency and Account-
ability Act of 2010.

SEC. 813. COMMON FRAMEWORK FOR DESIGNATED CLEARING ENTITY 12 USC 5472.
RISK MANAGEMENT.
The Commodity Futures Trading Commission and the Commis-
sion shall coordinate with the Board of Governors to jointly develop
risk management supervision programs for designated clearing enti-
ties. Not later than 1 year after the date of enactment of this Deadline.
Act, the Commodity Futures Trading Commission, the Commission, Reports.
and the Board of Governors shall submit a joint report to the
Committee on Banking, Housing, and Urban Affairs and the Com-
mittee on Agriculture, Nutrition, and Forestry of the Senate, and
the Committee on Financial Services and the Committee on Agri-
culture of the House of Representatives recommendations for—
(1) improving consistency in the designated clearing entity
oversight programs of the Commission and the Commodity
Futures Trading Commission;
(2) promoting robust risk management by designated

LAWS clearing entities; (3) promoting robust risk management oversight by regu- lators of designated clearing entities; andPUBLIC with on anorris VerDate Nov 24 2008 00:49 Aug 26, 2010 Jkt 089139 PO 00203 Frm 00447 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203