,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #igjf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ae1 #bjbf,mr4  
,got!im] 7= himself1 ,mr4 ,van ,drew1   
,mr4 ,panetta1 ,mr4 ,soto1 ,mr4 ,torres 
( ,new ,york1 ,mr4 ,bresnahan1 ,ms4     
,mc,donald ,rivet1 ,mr4 ,la,lota1 ,mr4  
,suozzi1 & ,mr4 ,we/]man7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,agriculture1 & 9 addition
 to ! ,committee on ,en]gy & ,comm]ce1 =
 a p]iod to be subsequ5tly det]m9$ by ! 
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to      
require op]ators ( wag]+ or pr$iction   
m>ket plat=ms to use facial recognition 
te*nology to v]ify ! age ( us]s ( su*   
wag]+ or pr$iction m>ket plat=ms1 & =   
o!r purposes4  #a4 ,%ort title  ,?is    
,act may be cit$ z ! ,facial            
,recognition to ,protect ,*ildr5 ,act4  
#b4 ,age v]ification requirem5t = wag]+ 
or pr$iction m>ket plat=ms  7a7         
,prohibition  7#a7  ,9 g5]al  ,a wag]+  

op]ator or a pr$iction m>ket plat=m     
op]ator may n p]mit a us] to access a   
wag]+ or pr$iction m>ket plat=m "u !    
control ( ! wag]+ op]ator or ! pr$iction
 m>ket plat=m op]ator1 or accept a wag]1
 9 ! case ( a wag]+ op]ator1 or place an
 ord]1 9 ! case ( a pr$iction m>ket     
op]ator1 f su* us]1 t ! wag]+ op]ator or
 ! pr$iction m>ket plat=m op]ator has n 
v]ifi$1 us+ comm]cially available facial
 recognition te*nology1 has atta9$ m ?an
 #ah ye>s ( age4  7#b7 ,data m9imization
  7,a7 ,limitation ,9 v]ify+ ! age ( a  
us] pursuant to p>agraph 7#a71 a wag]+  
op]ator or a pr$iction m>ket plat=m     
op]ator may n collect1 process1 or      
transf] ! cov]$ data ( a us] beyond :at 
is reasonably necess>y1 proportionate1 &
 limit$ to ! purposes = v]ify+ ! age ( !
 us]4  7,b7 ,deletion requir$ ,a wag]+  
op]ator or a pr$iction m>ket plat=m     
op]ator %all delete any cov]$ data      
collect$ ) respect to a us] t ! wag]+   
op]ator or ! pr$iction m>ket plat=m     
op]ator det]m9es is n necess>y =        

compliance ) ! requirem5ts ( ?is        
subsection4  7b7 ,en=cem5t by ,f$]al    
,trade ,commission  7#a7 ,unfair or     
deceptive acts or practices ,a violation
 ( subsection 7a7 7or a regulation      
promulgat$ "u su* section7 %all be      
treat$ z a violation ( a regulation "u  
section #ah7;a77#a77;,b7 ( ! ,f$]al     
,trade ,commission ,act 7#ae ,u4,s4,c4  
#eg;a7a77#a77;,b77 reg>d+ unfair or     
deceptive acts or practices4  7#b7 ,p[]s
 ( ,commission ,! ,commission %all en=ce
 subsection 7a7 7& any regulations      
promulgat$ "u su* sections7 9 ! same    
mann]1 by ! same means1 & ) ! same      
jurisdiction1 p[]s1 & duties z ?\gh all 
applicable t]ms & provisions ( ! ,f$]al 
,trade ,commission ,act 7#ae ,u4,s4,c4  
#da et seq47 7 incorporat$ into & made a
 "p ( ?is ,act4 ,any wag]+ op]ator or   
pr$iction m>ket plat=m op]ator t        
violates su* sections 7or any           
regulations promulgat$ "u su* sections7 
%all be subject to ! p5alties & entitl$ 
to ! privileges & immunities provid$ 9 !

 ,f$]al ,trade ,commission ,act4  7#c7  
,regulations ,! ,commission may         
promulgate1 pursuant to #eec ( title #e1
 ,unit$ ,/ates ,code1 any regulations ! 
,commission det]m9es necess>y to c>ry   
out ! provisions ( ?is ,act4  7c7       
,special rules relat+ to ev5t contracts 
,section #e;c ( ! ,commodity ,ex*ange   
,act 7#g ,u4,s4,c4 #g;a-#b7 is am5d$--  
7#a7 9 subsection 7c77#e77;,c7-- 7,a7 9 
! subp>agraph head+1 by /rik+ ev5t      
contracts &2  7,b7 by /rik+ clauses 7i71
 7ii71 & 7iv72  7,c7 9 clause 7iii71 by 
/rik+ ! clause designation & head+ & all
 t foll[s ?r\gh ,9 connection 9         
subclause 7,i7 & ins]t+ ! foll[+3  7i7  
,9 g5]al ,9 connection  2  7,d7 by      
r$esignat+ subclause 7,,ii7 z clause    
7ii7 & ind5t+ appropriately2 &  7,e7 9  
clause 7ii7 7z s r$esignat$71 by        
r$esignat+ items 7aa7 & 7bb7 z          
subclauses 7,i7 & 7,,ii71 respectively1 
& ind5t+ appropriately2 &  7#b7 by      
ins]t+ aft] subsection 7c7 ! foll[+3    
7d7 ,special rules relat+ to ev5t       

contracts  7#a7 ,def9itions ,9 ?is      
subsection3 7,a7 ,cont+5cy ,! t]m       
cont+5cy means an ev5t or circum/ance t 
may happ51 b is n c]ta9 to occur1       
includ+ ! outcome ( ano!r ev5t or       
circum/ance4  7,b7 ,ev5t contract ,! t]m
 ev5t contract means a contract = ! sale
 ( a commodity = future deliv]y1 option 
on su* a contract1 or swap bas$ on "o or
 m exclud$ commodities t is-- 7i7 bas$  
^u an occurr5ce1 ext5t ( an occurr5ce1  
or cont+5cy 7o!r ?an a *ange 9 ! price1 
rate1 value1 or levels ( a commodity    
describ$ 9 section #a;a7#ai77;i772 &    
7ii7 li/$ by a designat$ contract m>ket 
or swap execution facility4  7,c7       
,occurr5ce ,! t]m occurr5ce means some?+
 t happ5s1 su* z an ev5t1 includ+ !     
outcome ( ano!r ev5t4  7#b7 ,review or  
approval ( ev5t contracts  7,a7 ,9 g5]al
 ,9 connection ) ! li/+ ( ev5t contracts
 by a designat$ contract m>ket or swap  
execution facility1 ! ,commission1 on a 
case-by-case basis1 may det]m9e t an    
ev5t contract is contr>y to ! public    

int]e/ if ! ev5t contract is bas$ on an 
occurr5ce1 ext5t ( an occurr5ce1 or     
cont+5cy involv+-- 7i7 activity t is    
unlawful "u any ,f$]al or ,/ate law2    
7ii7 t]rorism2  7iii7 assass9ation2     
7iv7 w>2  7v7 viol5ce2  7vi7 gam+2 or   
7vii7 o!r simil> activity det]m9$ by !  
,commission to be contr>y to ! public   
int]e/4  7,b7 ,prohibition ,no ev5t     
contract det]m9$ by ! ,commission to be 
contr>y to ! public int]e/ "u           
subp>agraph 7,a7 may be li/$ or made    
available = cle>+ or trad+ on or ?r\gh a
 regi/]$ entity4  7,c7 ,public int]e/   
crit]ia  7i7 ,crit]ia ,! ,commission    
%all promulgate su* rules & regulations 
z ! ,commission det]m9es appropriate to 
specify ! crit]ia = det]m9+ t ev5t      
contracts bas$ on ! activities describ$ 
9 clauses 7i7 ?r\gh 7vii7 ( subp>agraph 
7,a7 are contr>y to ! public int]e/4    
7ii7 ,public int]e/ ,9 ! rules &        
regulations promulgat$ "u clause 7i71 ! 
,commission %all provide t an ev5t      
contract is likely to be contr>y to !   

public int]e/ if ! ev5t contract        
mat]ially enc\rages viol5ce or simil>   
unlawful activity4  7iii7 ,public comm5t
 ,9 promulgat+ rules & regulations "u   
clause 7i71 ! ,commission %all provide n
 less ?an a #fj-;day public comm5t      
p]iod4  7,d7 ,enhanc$ c]tification  7i7 
,=mat ( submissions ,! ,commission %all 
prescribe by rule or regulation /&>diz$ 
requirem5ts1 z det]m9$ by ! ,commission1
 9 addition to ! requirem5ts (          
subsection 7c71 = ! =mat ( writt5       
c]tifications ( designat$ contract      
m>kets & swap execution facilities = new
 ev5t contracts pursuant to subsection  
7c77#a7 & = volunt>y reque/s = prior    
approval = new ev5t contracts pursuant  
to subsection 7c77#d74  7ii7 ,disclosure
 requirem5ts ,! ,commission %all        
prescribe by rule or regulation         
disclosure requirem5ts relat+ to !      
mat]ial t]ms & conditions ( ev5t        
contracts t are reasonably design$ to   
promote retail cu/om] readability4      
7iii7 ,f9ancial p5alty  7,i7 ,9 g5]al ,!

 ,commission may prescribe by rule or   
regulation a f9ancial p5alty = a        
violation ( clause 7i74  7,,ii7         
,consid]ations ,9 det]m9+ ! am\nt ( a   
f9ancial p5alty assess$ "u subclause    
7,i71 ! ,commission %all consid]--  7aa7
 ! gravity ( ! violation2 &  7bb7 simil>
 previ\s violations committ$ by !       
designat$ contract m>ket or swap        
execution facility4  7,,iii7 ,appeals   
,if ! ,commission prescribes a f9ancial 
p5alty "u subclause 7,i71 ! ,commission 
%all e/abli% a proc$ure = appeal+ su*   
p5alties1 includ+ 9 ,f$]al c\rts4  7#c7 
,communications ) ! public  7,a7 ,9     
g5]al ,9 connection ) ! (f] ( an ev5t   
contract to a p]son t is n an eligible  
contract p>ticipant1 a d]ivatives cle>+ 
organization %all n use any promotional 
mat]ial t--  7i7 is likely to deceive ! 
public2  7ii7 conta9s any mat]ial       
mis/atem5t or omission t makes !        
promotional mat]ial mislead+2  7iii7    
m5tions ! possibility ( pr(it unless    
accompani$ by an equally prom95t        

discussion ( ! risk ( loss2  7iv7       
includes any ref]5ce to actual pa/ trad+
 pr(its )\t m5tion+ t pa/ results are n 
necess>ily indicative ( future results2 
7v7 includes any specific num]ical or   
/ati/ical in=mation ab\t ! pa/ p]=mance 
( any actual acc\nt1 unless p]mitt$ by !
 ,commission by rule or regulation2 or  
7vi7 includes a te/imonial t--  7,i7 is 
n repres5tative ( all reasonably        
comp>able inve/ors2  7,,ii7 does n      
prom95tly /ate t ! te/imonial is n      
indicative ( future p]=mance or success2
 &  7,,iii7 if applicable1 does n       
prom95tly /ate t x is a paid te/imonial4
  7,b7 ,rulemak+ ,! ,commission %all    
promulgate su* rules or regulations z ! 
,commission det]m9es to be appropriate  
to c>ry out subp>agraph 7,a71 consi/5t )
 applicable /&>ds = futures commission  
m]*ants1 includ+--  7i7 relat+ to       
records to be made available =          
exam9ation by ! ,commission2 &  7ii7    
applicable discipl9>y actions or        
p5alties = noncompliance ) ?is p>agraph4

  7#d7 ,"k y\r cu/om] application  7,a7 
,anti-money laund]+ compliance program  
,9 connection ) ! (f] ( an ev5t contract
 to a p]son t is n an eligible contract 
p>ticipant1 a d]ivatives cle>+          
organization %all h an anti-money       
laund]+ compliance program 9 place 9    
accordance ) section #ecah7;h7 ( title  
#ca1 ,unit$ ,/ates ,code1 :i* %all      
include-- 7i7 int]nal policies1         
proc$ures1 & controls reasonably design$
 to a*ieve compliance ) sub*apt] ,,ii ( 
*apt] #ec ( title #ca1 ,unit$ ,/ates    
,code1 & *apt] #b ( title ,i ( ,public  
,law #ia-ejh 7#ab ,u4,s4,c4 #aiea et    
seq47 7commonly kn[n z ! ,bank ,secrecy 
,act7 7includ+ regulations promulgat$ "u
 t sub*apt] & *apt]72  7ii7 appo9tm5t ( 
"o or m individuals responsible =       
implem5t+ & monitor+ ! program's        
day-to-day op]ations2  7iii7 an ongo+   
tra9+ program2  7iv7 indep5d5t te/+2    
7v7 appropriate risk-bas$ proc$ures =   
conduct+ cu/om] due dilig5ce1 includ+-- 
7,i7 und]/&+ ! nature & ! purpose (     

develop+ a cu/om] risk pr(ile2 &  7,,ii7
 conduct+ ongo+ monitor+ to detect &    
report suspici\s transactions & on a    
risk basis to ma9ta9 & update cu/om]    
in=mation1 includ+ id5tify+ & v]ify+    
b5eficial own]s2 &  7vi7 appropriate    
proc$ures to v]ify t individual cu/om]s 
h atta9$ ! age ( #ah ye>s4  7,b7        
,rulemak+ ,! ,commission %all promulgate
 su* rules or regulations1 )            
consid]ation ( ! application ( !        
applicable core pr9ciples describ$ 9 ?is
 ,act1 z ! ,commission det]m9es to be   
appropriate to c>ry out subp>agraph     
7,a71 includ+--  7i7 relat+ to records  
to be made available = exam9ation by !  
,commission2 &  7ii7 applicable         
discipl9>y actions or p5alties =        
noncompliance ) ?is p>agraph4  7#e7     
,funds  7,a7 ,segregation requir$ ,9    
connection ) ! (f] ( an ev5t contract to
 a p]son t is n an eligible contract    
p>ticipant & access+ a d]ivatives cle>+ 
organization z a direct cle>+ memb]1 !  
,commission %all promulgate su* rules or

 regulations z ! ,commission det]m9es to
 be appropriate reg>d+ ! segregation (  
memb] funds f ! d]ivatives cle>+        
organization's own funds4  7,b7 ,cu/om] 
communication ,a futures commission     
m]*ant1 designat$ contract m>ket1 or    
swap execution facility %all disclose to
 ev5t contract cu/om]s ! relevant risks 
( loss or pot5tial delay 9 access to !  
funds & assets4  7,c7 ,default fund ,=  
default managem5t purposes1 a d]ivatives
 cle>+ organization %all treat funds    
held = memb]s & cu/om]s solely trad+    
fully collat]aliz$ contracts sep>ately f
 funds held = memb]s & cu/om]s trad+    
lev]ag$ contracts4  7,d7 ,rulemak+ ,!   
,commission %all promulgate su* rules or
 regulations z ! ,commission det]m9es to
 be appropriate to c>ry out subp>agraphs
 7,b7 & 7,c74  7#f7 ,advisory ,c\ncil on
 ,consum] ,protection  7,a7 ,e/abli%m5t 
,n lat] ?an #ij days aft] ! date (      
enactm5t ( ! ,pr$iction ,m>ket ,act (   
#bjbf1 ! ,*airman ( ! ,commission %all  
e/abli% ! ,advisory ,c\ncil on ,consum] 

,protection 7ref]r$ to 9 ?is p>agraph z 
! ,advisory ,c\ncil74  7,b7 ,*air &     
,vice-,*air ,! ,*airman ( ! ,commission 
%all appo9t a ,*air & ,vice-,*air ( !   
,advisory ,c\ncil f among ! memb]s ( !  
,advisory ,c\ncil4  7,c7 ,mission ,!    
mission ( ! ,advisory ,c\ncil %all be-- 
7i7 to provide a =um = regul>           
communication & analysis relat$ to      
retail inve/or p>ticipation 9 d]ivatives
 m>kets2  7ii7 to enc\rage discussions  
relat+ to consum] protection reg>d+ ev5t
 contract m>kets & relat$ m>kets2 &     
7iii7 to develop recomm5dations to      
ensure t m>kets promote cu/om]          
protection1 m>ket integrity1 &          
responsible p>ticipation4  7,d7         
,memb]%ip ,! ,advisory ,c\ncil %all be  
compos$ ( #ae memb]s1 :o %all be appo9t$
 by ! ,*airman ( ! ,commission & %all   
include-- 7i7 ! ,retail ,advocate       
describ$ 9 p>agraph 7#g77;,c72  7ii7 n  
few] ?an #c ,/ate attorneys g5]al2      
7iii7 subject matt] exp]ts 9 behavioral 
sci5ce & heal?1 f9ancial risk1 & consum]

 f9ance2 &  7iv7 repres5tatives (-- 7,i7
 ! ,(fice ( ,cu/om] ,education &        
,outrea*2  7,,ii7 ! ,dep>tm5t ( ,ju/ice2
  7,,iii7 ,/ate & local law en=cem5t2   
7,,iv7 ,/ate & local regulatory ag5cies1
 z appropriate2  7,v7 m>ket op]ators2 & 
7,,vi7 m>ket p>ticipants4  7,e7 ,duties 
,! duties ( ! ,advisory ,c\ncil %all    
include--  7i7 meet+ n less frequ5tly   
?an once e #abj days1 9 a mann] to be   
det]m9$ by ! ,*airman ( ! ,commission1  
to provide indep5d5t advice &           
recomm5dations to ! ,commission &       
,congress2  7ii7 id5tify+ policies to   
promote retail cu/om] protection &      
specific gaps 9 inve/or protections =   
retail cu/om]s2  7iii7 assess+ !        
viability ( a self-exclusion program1   
:i* w\ld all[ a cu/om] to be volunt>ily 
prohibit$ f ent]+ into an ev5t contract2
  7iv7 assess+ ! viability ( a program  
to implem5t volunt>y deposit & trade    
limits2  7v7 review+ ! consid]ations ( !
 retail cu/om] pr(ile1 includ+ age1     
income1 & behavioral vuln]abilities1 :5 

assess+ inve/or protection2  7vi7 /udy+ 
behavioral prompts & m>ket+ features    
design$ to engage cu/om]s 9 connection )
 ! (f] ( an ev5t contract2  7vii7       
review+ ! effectiv5ess ( exi/+ legal or 
regulatory recomm5dations to improve    
cu/om] protections 9 connection ) ! (f] 
( an ev5t contract2 &  7viii7 evaluat+ !
 design1 accessibility1 & use ( mobile  
applications1 sm>tphones1 & o!r p]sonal 
electronic devices 9 connection ) ! (f] 
( ev5t contracts4  7,f7 ,reports ,!     
,advisory ,c\ncil %all-- 7i7 n lat] ?an 
#ahj days aft] ! date ( enactm5t ( !    
,pr$iction ,m>ket ,act ( #bjbf1 submit  
to ,congress an initial report )        
analysis & recomm5dations reg>d+ matt]s 
/udi$ "u subp>agraph 7,e71 :i* %all     
include consum] protection1 m>ket       
integrity1 inve/or pr(ile1 m>ket+       
features1 & o!r relat$ topics2 &  7ii7  
twice ea* ye> !reaft]1 submit to        
,congress a report conta9+ f9d+s1 &     
recomm5dations = legislation1           
regulations1 & ov]sight1 relat+ to !    

matt]s /udi$ "u subp>agraph 7,e74  7,g7 
,review by ,commission ,! ,commission   
%all--  7i7 review ! f9d+s &            
recomm5dations ( ! ,advisory ,c\ncil2 & 
7ii7 make publicly available a report   
conta9+ an assessm5t by ! ,commission ( 
any f9d+s & recomm5dations ( ! ,advisory
 ,c\ncil4  7#g7 ,(fice ( ! ,retail      
,advocate  7,a7 ,def9itions ,9 ?is      
p>agraph3 7i7 ,*airman ,! t]m ,*airman  
means ! ,*airman ( ! ,commission4  7ii7 
,(fice ,! t]m ,(fice means ! ,(fice ( ! 
,retail ,advocate e/abli%$ by           
subp>agraph 7,b74  7iii7 ,retail        
p>ticipant ,! t]m retail p>ticipant     
means a p]son t--  7,i7 is n an eligible
 contract p>ticipant2 &  7,,ii7 is      
p>ticipat+ 9 a designat$ contract m>ket4
  7,b7 ,(fice e/abli%$ ,!re is e/abli%$ 
)9 ! ,commission ! ,(fice ( ! ,retail   
,advocate4  7,c7 ,retail ,advocate  7i7 
,9 g5]al ,! ,retail ,advocate %all--    
7,i7 report directly to ! ,commission2 &
  7,,ii7 be appo9t$ by ! ,*airman f     
among individuals ) exp]i5ce 9 advocat+ 

= ! int]e/s ( retail p>ticipants4  7ii7 
,comp5sation ,! annual rate ( pay = !   
,retail ,advocate %all be equal to !    
highe/ rate ( annual pay = o!r s5ior    
executives :o report to ! ,*airman4     
7,d7 ,functions ( ! ,retail ,advocate ,!
 ,retail ,advocate %all--  7i7 assi/    
retail p>ticipants 9 resolv+ significant
 problems relat+ to transactions2  7ii7 
analyze ! pot5tial impact on retail     
p>ticipants ( propos$ regulations ( !   
,commission2  7iii7 to ! ext5t          
practicable1 propose to ! ,commission   
*anges 9 ! regulations or ord]s ( !     
,commission t may be appropriate to     
promote ! int]e/s ( retail p>ticipants2 
7iv7 conduct rese>* to id5tify & und]/& 
issues t affect retail p>ticipants2 &   
7v7 op]ate ) & provide assi/ance to !   
,(fice ( ,cu/om] ,education & ,outrea*  
to conduct initiatives & outrea* =      
retail p>ticipants4  7,e7 ,access to    
docum5ts  7i7 ,9 g5]al ,at ! discretion 
( ! ,*airman1 ! ,retail ,advocate %all h
 full access to ! docum5ts ( !          

,commission z necess>y to c>ry out !    
functions ( ! ,(fice4  7ii7 ,effect     
,no?+ 9 ?is subp>agraph au?orizes !     
,retail ,advocate1 or /aff ( ! ,(fice1  
to h access to1 or to release publicly  
or int]nally )9 ! ,commission1          
propriet>y or s5sitive m>ket data1      
includ+ data & in=mation t w\ld         
sep>ately disclose ! bus9ess            
transactions or m>ket positions ( any   
p]son & trade secrets or names (        
cu/om]s1 consi/5t ) section #h4  7iii7  
,policies & proc$ures ,! ,(fice %all    
e/abli% & make public on ! website ( !  
,commission policies & proc$ures to     
safegu>d ! confid5tiality ( any docum5ts
 ! ,retail ,advocate or /aff ( ! ,(fice 
has access to4  7,f7 ,annual report on  
objectives & activities  7i7 ,9 g5]al ,n
 lat] ?an ,septemb] #cj ( ea* ye>1 !    
,retail ,advocate %all submit to        
,congress a report describ+ ! objectives
 & activities ( ! ,retail ,advocate = ! 
foll[+ fiscal ye>4  7ii7 ,cont5ts ,ea*  
report requir$ "u clause 7i7 %all       

include--  7,i7 appropriate /ati/ical   
in=mation & full & sub/antive analysis2 
7,,ii7 in=mation on /eps t ! ,retail    
,advocate has tak5 dur+ ! report+ p]iod 
to improve--  7aa7 s]vices to &         
communication ) retail p>ticipants2 &   
7bb7 ! responsiv5ess ( ! ,commission2   
7,,iii7 a summ>y ( ! mo/ s]i\s problems 
report$ to ! ,(fice or ! ,commission by 
retail p>ticipants dur+ ! report+ p]iod2
  7,,iv7 an inv5tory ( ! items describ$ 
9 subclause 7,,iii7 t includes--  7aa7  
id5tification ( any action tak5 by !    
,commission & ! result ( t action2  7bb7
 ! p]iod ( "t t ea* item has rema9$ on !
 inv5tory2 &  7cc7 = items ) respect to 
:i* no action has be5 tak51 ! reasons = 
inaction1 & an id5tification ( any      
(ficial :o is responsible = ! action2   
7,v7 recomm5dations = su* adm9i/rative &
 legislative actions z may be           
appropriate to resolve problems enc\nt]$
 by retail p>ticipants2 &  7,,vi7 any   
o!r in=mation1 z det]m9$ appropriate by 
! ,retail ,advocate4  7iii7             

,confid5tiality ,no report requir$ "u   
clause 7i7 may conta9 confid5tial       
in=mation4  7,g7 ,ombudsman  7i7        
,appo9tm5t ,n lat] ?an #ahj days aft] ! 
date on :i* ! fir/ ,retail ,advocate is 
appo9t$ "u subp>agraph 7,c77i77,,ii71 ! 
,retail ,advocate %all appo9t an        
,ombudsman1 :o %all report directly to !
 ,retail ,advocate4  7ii7 ,duties ,!    
,ombudsman appo9t$ "u clause 7i7 %all-- 
7,i7 act z a liaison betwe5 !           
,commission & any retail p>ticipant 9   
resolv+ problems ! retail p>ticipant may
 h ) ! ,commission2  7,,ii7 review &    
make recomm5dations reg>d+ policies &   
proc$ures to enc\rage p]sons to pres5t  
que/ions to ! ,retail ,advocate reg>d+  
compliance ) ?is ,act2 &  7,,iii7       
e/abli% safegu>ds to ma9ta9 !           
confid5tiality ( communications betwe5 !
 p]sons describ$ 9 subclause 7,,ii7 & ! 
,ombudsman4  7iii7 ,limitation  7,i7    
,p]sonnel ,9 c>ry+ out ! duties ( !     
,ombudsman "u clause 7ii71 ! ,ombudsman 
%all utilize p]sonnel ( ! ,commission1  

to ! ext5t practicable4  7,,ii7 ,effect 
,no?+ 9 ?is clause %all be con/ru$ z    
replac+1 alt]+1 or dim9i%+ ! activities 
( any ombudsman or simil> (fice ( any   
o!r ag5cy4  7iv7 ,report on activities  
7,i7 ,9 g5]al ,! ,ombudsman %all submit 
to ! ,retail ,advocate an annual report 
t describes ! activities & evaluates !  
effectiv5ess ( ! ,ombudsman dur+ !      
prec$+ #a-ye> p]iod4  7,,ii7 ,submission
 ,! ,retail ,advocate %all include !    
report requir$ "u subclause 7,i7 9 !    
reports requir$ to be submitt$ by !     
,retail ,advocate "u subp>agraph 7,f74  
7#h7 ,rule ( con/ruction ,no?+ 9 ?is    
subsection may be con/ru$ to affect--   
7,a7 ! ability ( a ,/ate to inve/igate &
 br+ en=cem5t actions "u ?is ,act1      
includ+ pursuant to section #f;d2 or    
7,b7 ! jurisdiction ( ! ,commission     
describ$ 9 section #b7;a77#a77;,a74  4  
7d7 ,def9itions ,9 ?is section3 7#a7    
,cont+5cy ,! t]m cont+5cy means an ev5t 
or circum/ance t may happ51 b is n c]ta9
 to occur1 includ+ ! outcome ( ano!r    

ev5t or circum/ance4  7#b7 ,cov]$ data  
,! t]m cov]$ data means biometric data  
t-- 7,a7 id5tifies a us]2 or  7,b7 is   
reasonably l9kable to ! id5tity ( a us]4
  7#c7 ,ev5t contract ,! t]m ev5t       
contract means a contract = ! sale ( a  
commodity = future deliv]y1 option on   
su* a contract1 or swap bas$ on "o or m 
exclud$ commodities t is--  7,a7 bas$ ^u
 an occurr5ce1 ext5t ( an occurr5ce1 or 
cont+5cy 7o!r ?an a *ange 9 ! price1    
rate1 value1 or levels ( a commodity    
describ$ 9 section #a;a7#ai77;i7 ( !    
,commodity ,ex*ange ,act 7#g ,u4,s4,c4  
#a;a772 &  7,b7 li/$ by a designat$     
contract m>ket or swap execution        
facility4  7#d7 ,occurr5ce ,! t]m       
occurr5ce means some?+ t happ5s1 su* z  
an ev5t1 includ+ ! outcome ( ano!r ev5t4
  7#e7 ,wag] ,! t]m wag] has ! mean+    
giv5 su* t]m 9 section #ecfb ( title    
#ca1 ,unit$ ,/ates ,code4  7#f7 ,wag]+  
op]ator ,! t]m wag]+ op]ator means--    
7,a7 a lic5s$ gam+ facility t (f]s      
sports wag]+2 &  7,b7 an int]active     

sports wag]+ plat=m4