; (B) in paragraph (2)— (i) in the heading, by inserting and the Federal Deposit Insurance Corporation after treasury ; and (ii) by adding at the end the following: (C) Joint determination with the Federal Deposit Insurance Corporation For purposes of paragraph (1), the Board may only make a determination that an activity is complementary to a financial activity and does not pose a substantial risk to the safety or soundness of depository institutions or the financial system generally, if such determination is made jointly, by rule, with the Federal Deposit Insurance Corporation. ; (C) in paragraph (4)— (i) by striking subparagraph (H); and (ii) by redesignating subparagraph (I) as subparagraph (H); and (D) by striking paragraph (7); (2) in subsection (l)— (A) in paragraph (1), by striking subsection (k), (n), or (o) each place such term appears and inserting subsection (k) or (n) ; and (B) in paragraph (2)(B), by striking subparagraph (H) or (I) and inserting subparagraph (H) ; (3) in subsection (m)(1)(A), by striking subsection (k), (n), or (o) and inserting subsection (k) or (n) ; (4) in subsection (n)(5), by striking subparagraph (H) or (I) each place such term appears and inserting subparagraph (H) ; and (5) by striking subsection (o). (b) Conforming amendment Section 3(a)(4)(B)(vi) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(4)(B)(vi) ) is amended by striking other than and all that follows through the end and inserting other than a registered broker or dealer. . (c) Rulemaking The Board of Governors of the Federal Reserve System shall— (1) issue rules to carry out the amendments made by this section