(a)(1) The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission shall, not later than 180 days after July 21, 2010, negotiate a memorandum of understanding to establish procedures for—
(A) applying their respective authorities in a manner so as to ensure effective and efficient regulation in the public interest;
(B) resolving conflicts concerning overlapping jurisdiction between the 2 agencies; and
(C) avoiding, to the extent possible, conflicting or duplicative regulation.
(2) Such memorandum and any subsequent amendments to the memorandum shall be promptly submitted to the appropriate committees of Congress.
(b) The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission shall, not later than July 21, 2010, negotiate a memorandum of understanding to share information that may be requested where either Commission is conducting an investigation into potential manipulation, fraud, or market power abuse in markets subject to such Commission's regulation or oversight. Shared information shall remain subject to the same restrictions on disclosure applicable to the Commission initially holding the information.
(Pub. L. 111–203, title VII, §720, July 21, 2010, 124 Stat. 1657.)
Sections: Previous 8301 8302 8303 8304 8305 8306 8307 8308 8321 8322 8323 8324 8325 8341 8342 Next
Last modified: October 26, 2015