; and (2) in clause (ii)— (A) by striking Each and inserting the following: (I) In general Each ; (B) in subclause (I) (as so designated), by inserting subclauses (I) through (V) of before clause (i) ; and (C) by adding at the end the following: (II) Foreign authorities An entity described in subclause (VI) of clause (i) shall maintain information described in that clause in accordance with such assurances of confidentiality as the Commission determines appropriate. . 122. Updating standards for natural persons to meet requirements for qualified eligible persons (a) In general Within 1 year after the date of the enactment of this section, the Commodity Futures Trading Commission shall adopt a rule to update its regulations governing the requirements for natural persons to be qualified eligible persons who must satisfy portfolio requirements, for the purposes of providing relief to commodity trading advisors and commodity pool operators in their dealings with qualified eligible persons pursuant to section 4.7 of title 17, Code of Federal Regulations, so that a natural person, to be a qualified eligible person who must satisfy the portfolio requirement, must meet the requirement of paragraph (1) and the requirement of paragraph (2): (1) Means The requirement of this paragraph is that the person must have— (A) an individual net worth, or joint net worth with the spouse, if any, of the person, at the time of the opening of an exempt account or purchase of 1 or more participation units in an exempt commodity pool, to qualify the person as an accredited investor, as defined in section 230.501(a)(5) of title 17, Code of Federal Regulations, as if that regulation were amended by striking $1,000,000 and inserting $5,000,000