; (B) any creation or use of derivatives for speculative purposes; (C) any activity related to the dealing of derivatives; (D) any creation of, or lending against, new or existing forms of structured or structured derivatives products, including col­lat­er­a­lized debt obligations, col­lat­er­a­lized loan obligations, and synthetic derivatives of col­lat­er­a­lized debt obligations and col­lat­er­a­lized loan obligations; or (E) any other form of speculative activity that regulators specify. (2) Risk of loss A Too Big To Exist Institution may not conduct any activity listed in paragraph (1) in such a manner that— (A) puts insured deposits at risk; or (B) creates a risk of loss to the Deposit Insurance Fund. (e) Report; testimony The Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, or during any period in which that position is vacant, the Chair of the Board of Governors of the Federal Reserve System, and the Chair of the Financial Stability Oversight Council shall annually testify before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives and submit to those committees an annual report the restructuring and designation under subsection (b)(2). (f) Effective date Subsections (c) and (d) shall apply to a covered entity 90 days after the date on which a covered entity is designated as a Too Big To Exist Institution .