The provisions of this part apply to any board of trade or electronic trading facility that operates as:
(a) An exempt commercial market operating under:
(1) Until July 16, 2012, a grandfather relief order issued by the Commission pursuant to Section 723(c)(2)(B) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203, 124 Stat. 1376 (2010)), or
(2) Any other applicable relief granted by the Commission; or
(b) An exempt board of trade operating under:
(1) Until July 16, 2012, a grandfather relief order issued by the Commission pursuant to Section 734(c)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203, 124 Stat. 1376 (2010)), or
(2) Any other applicable relief granted by the Commission. [77 FR 66336, Nov. 2, 2012]