Subtitle E: Additional Market Assurance -(Sec. 351) Amends the Commodity Exchange Act to: (1) require energy derivatives to be traded on a CFTC - regulated exchange unless CFTC issues an exemption; (2) require CFTC to fix limits, with respect to energy
transactions, on the aggregate number of positions which may be held by any person for each month
across all markets subject to the CFTC's jurisdiction; (3) require CFTC to convene a Position Limit Energy Advisory Group to give CFTC recommendations on such position limits; (4) give CFTC exclusive authority to grant exemptions for bona fide hedging
transactions and positions from position limits imposed on energy
transactions; (5) revise provisions concerning bona fide hedging
transactions; and (6) require CFTC to issue a rule defining and classifying index traders and swap dealers for the purposes of data reporting requirements and setting routine detailed reporting requirements for any position of such entities in contracts traded on designated contract markets, over-the-counter markets, derivatives
transaction execution facilities, foreign boards of trade, and
electronic trading facilities with respect to significant price discovery contracts.
Furthermore, contrary to the conclusion by Mason that no e-signature can show for sure that the person alleged to have sign an
electronic signature actually did so, it has been argued that there are several emerging
electronic signatures, (though not recognised
across all jurisdictions because they are not digital), that provides sophisticated, reliable and authenticable method of online verification in an open network as the internet, which can be employed in an open network
transaction.
Notarius was launched by Quebec's notaries association for the effective use of
electronic signatures in real estate
transactions and has since expanded to service other professionals
across the country.