1. Short title; table of contents (a) Short title This Act may be cited as the Markets and Trading Reorganization Act . (b) Table of contents The table of contents of this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Purposes. Sec. 3. Definition. Title I—Establishment of commission Sec. 101. Establishment. Sec. 102. Members; appointment; terms. Sec. 103. Organization of Commission. Title II—Transfers of functions Sec. 201. Commodity Futures Trading Commission functions. Sec. 202. Securities and Exchange Commission functions. Title III—Administrative provisions Sec. 301. Personnel provisions. Sec. 302. General administrative provisions. Title IV—Fee and Funding Authority Sec. 401. Funding authority of the Commission. Title V—Transitional, savings, and conforming provisions Sec. 501. Savings provisions. Sec. 502. Reference. Sec. 503. Amendments. Title VI—Effective date Sec. 601. Effective date. 2. Purposes The purposes of this Act are— (1) to establish a single Federal regulatory body with jurisdiction over securities, derivatives, options, futures, and related markets and instruments; (2) to coordinate the regulation of relevant financial markets; (3) to strengthen investor confidence in United States financial markets; and (4) to ensure the efficiency and competitiveness of those markets. 3. Definition As used in this Act, the term Commission , other than where expressly referring to the Securities and Exchange Commission or the Commodity Futures Trading Commission, means the Securities and Derivatives Commission established by section 101 of this Act. I Establishment of commission 101. Establishment There is established an independent regulatory commission to be known as the Securities and Derivatives Commission. 102. Members; appointment