17 CFR 23.608 - Restrictions on counterparty clearing relationships.

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§ 23.608 Restrictions on counterparty clearing relationships.

No swap dealer or major swap participant entering into a swap to be submitted for clearing with a counterparty that is a customer of a futures commission merchant shall enter into an arrangement that:

(a) Discloses to the futures commission merchant or any swap dealer or major swap participant the identity of a customer's original executing counterparty;

(b) Limits the number of counterparties with whom a customer may enter into a trade;

(c) Restricts the size of the position a customer may take with any individual counterparty, apart from an overall limit for all positions held by the customer with the swap dealer or major swap participant;

(d) Impairs a customer's access to execution of a trade on terms that have a reasonable relationship to the best terms available; or

(e) Prevents compliance with the timeframes set forth in § 1.74(b), § 23.610(b), or § 39.12(b)(7) of this chapter.

[77 FR 21308, Apr. 9, 2012]

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United States Code
Statutes at Large

Title 17 published on 2015-12-04

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 17 CFR Part 23 after this date.

  • 2017-01-19; vol. 82 # 12 - Thursday, January 19, 2017
    1. 82 FR 6356 - Recordkeeping
      GPO FDSys XML | Text
      COMMODITY FUTURES TRADING COMMISSION
      Proposed rule.
      Comments must be received on or before March 20, 2017.
      17 CFR Parts 1 and 23

Title 17 published on 2015-12-04.

The following are only the Rules published in the Federal Register after the published date of Title 17.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2016-08-16; vol. 81 # 158 - Tuesday, August 16, 2016
    1. 81 FR 54478 - Final Response to District Court Remand Order in Securities Industry and Financial Markets Association, et al. v. United States Commodity Futures Trading Commission
      GPO FDSys: XML | Text
      COMMODITY FUTURES TRADING COMMISSION
      Final response to district court remand order.
      August 16, 2016.
      17 CFR Parts 1, 3, 23, 37, 43, 45, 46, and 170