The requirements under this regulation are subject to the exclusive
regulatory enforcement of—
(a) The federal functional regulators, with respect to the designated
payment systems and participants therein that are subject to the respective
jurisdiction of such regulators under section 505(a) of the
Gramm-Leach-Bliley Act (15 U.S.C. 6805(a)) and section 5g of the Commodity
Exchange Act (7 U.S.C. 7b-2); and
(b) the Federal Trade Commission, with respect to designated payment
systems and participants therein not otherwise subject to the jurisdiction of
any federal functional regulators (including the Commission) as described in
paragraph (a) of this section.
