17 CFR 23.608 - Restrictions on counterparty clearing relationships.

§ 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 01-Mar-2018 03:50

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

  • 2018-02-23; vol. 83 # 37 - Friday, February 23, 2018
    1. 83 FR 7979 - Definitions
      GPO FDSys XML | Text
      Interim final rule; request for comment.
        Effective Date: This rule is effective February 23, 2018. Comment date: Comments must be received on or before March 26, 2018.
      17 CFR Parts 1, 3, 4, 5, 15, 18, 19, 23, 30, 38, 39, 41, 50, 150, 151, 155, and 166