to any function transferred by this Act shall apply to the exercise of such function by the Commission. 502. Reference Any reference in any other Federal law to the Securities and Exchange Commission or the Commodity Futures Trading Commission shall be deemed a reference to the Securities and Derivatives Commission established by this Act. 503. Amendments (a) Executive schedule salaries (1) Chairperson Section 5314 of title 5, United States Code, is amended— (A) by striking Chairman, Securities and Exchange Commission. and inserting Chairperson, Securities and Derivatives Commission.