; (2) in subparagraph (B)— (A) in clause (i), by inserting , to a committee of the board, after directly to the board ; (B) by striking clauses (iii) through (v) and inserting the following: (iii) establish and administer policies and procedures that are reasonably designed to resolve any conflicts of interest that may arise; (iv) establish and administer policies and procedures that reasonably ensure compliance with this Act and the rules and regulations issued under this Act, including rules prescribed by the Commission pursuant to this section; and ; and (C) by redesignating clause (vi) as clause (v); (3) in subparagraph (C), by striking (B)(vi) and inserting (B)(v) ; and (4) in subparagraph (D)— (A) in clause (i)— (i) by striking In accordance with rules prescribed by the Commission, the and inserting The ; and (ii) by striking and sign ; and (B) in clause (ii)— (i) in the matter preceding subclause (I), by inserting or senior officer after officer ; (ii) by amending subclause (I) to read as follows: (I) submit each report described in clause (i) to the Commission; and ; and (iii) in subclause (II), by inserting materially before accurate . 5. Clarification of CFTC authority over swaps entities (a) Section 6b of the Commodity Exchange Act ( 7 U.S.C. 13a ) is amended by inserting or section 5h after sections 5 through 5c . (b) Section 8a of such Act ( 7 U.S.C. 12a ) is amended— (1) in paragraph (7)(A), by inserting or swap contracts after contracts of sale ; and (2) in paragraph (9), by striking futures contract and inserting contract of sale for future delivery or swap contract each place it occurs. (c) Section 15(b) of such Act ( 7 U.S.C. 19(b) ) is amended by striking contract market and inserting registered entity . 6. Technical correction Section 5h(h) of the Commodity Exchange Act ( 7 U.S.C. 7b–3 )(h)) is amended by striking alternative .