### Question
How does COMMODITY EXCHANGES define narrow-based security index?


### Answer
Under *7 U.S.C. § 1a*, **narrow-based security index** is defined as:

> an index—


(i) that has 9 or fewer component securities

#### Citation:
  - *7 U.S.C. § 1a*
  - Heading: **CHAPTER 1-COMMODITY EXCHANGES**

