### Question
How does the law define major security-based swap participant?


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

> given the term in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)).

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

