7 U.S. Code § 6r - Reporting and recordkeeping for uncleared swaps
(a)
Required reporting of swaps not accepted by any derivatives clearing organization
(1)
In general
Each swap that is not accepted for clearing by any derivatives clearing organization shall be reported to—
(2)
Transition rule for preenactment swaps
(A)
Swaps entered into before July 21, 2010
Each swap entered into before July 21, 2010, the terms of which have not expired as of July 21, 2010, shall be reported to a registered swap data repository or the Commission by a date that is not later than—
(3)
Reporting obligations
(A)
Swaps in which only 1 counterparty is a swap dealer or major swap participant
With respect to a swap in which only 1 counterparty is a swap dealer or major swap participant, the swap dealer or major swap participant shall report the swap as required under paragraphs (1) and (2).
(b)
Duties of certain individuals
Any individual or entity that enters into a swap shall meet each requirement described in subsection (c) if the individual or entity did not—
(2)
have the data regarding the swap accepted by a swap data repository in accordance with rules (including timeframes) adopted by the Commission under section
24a of this title.
(c)
Requirements
An individual or entity described in subsection (b) shall—
(1)
upon written request from the Commission, provide reports regarding the swaps held by the individual or entity to the Commission in such form and in such manner as the Commission may request; and
(d)
Identical data
In prescribing rules under this section, the Commission shall require individuals and entities described in subsection (b) to submit to the Commission a report that contains data that is not less comprehensive than the data required to be collected by swap data repositories under section
24a of this title.
Source
(Sept. 21, 1922, ch. 369, § 4r, as added Pub. L. 111–203, title VII, § 729,July 21, 2010, 124 Stat. 1701.)
Effective Date
Section effective on the later of 360 days after July 21, 2010, or, to the extent a provision of subtitle A (§§ 711–754) of title VII of Pub. L. 111–203requires a rulemaking, not less than 60 days after publication of the final rule or regulation implementing such provision of subtitle A, see section 754 ofPub. L. 111–203, set out as an Effective Date of 2010 Amendment note under section
1a of this title.
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