§ 5471. Consultation

• (a) 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 title 7, as amended by the Wall Street Transparency and Accountability Act of 2010;
  • (2) with respect to any rule or rule amendment of a derivatives clearing organization for which a stay of certification has been issued under section 745(b)(3) 1 1 See References in Text note below. 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 [ 7 U.S.C. 24a ].
• (b) The Commission shall consult with the Board of Governors—
  • (1) prior to exercising its authorities under sections 78c–3(a)(2)(C), 78c–3(a)(3)(A), 78c–3(a)(3)(C), 78c–3(a)(4)(A), and 78c–3(a)(4)(B) of title 15, 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 78s(b)(2) of title 15 ; and
  • (3) prior to exercising its rulemaking authorities under section 78m(n) of title 15 , as added by section 763(i) of the Wall Street Transparency and Accountability Act of 2010.