Regulations last checked for updates: Feb 09, 2026

Title 17 - Commodity and Securities Exchanges last revised: Jan 29, 2026
All TitlesTitle 17Chapter IPart 23Subpart H - Subpart H—Business Conduct Standards for Swap Dealers and Major Swap Participants Dealing With Counterparties, Including Special Entities
View all text of Subpart H [§ 23.400 - § 23.451]
§ 23.433 - Communications—fair dealing.

With respect to any communication between a swap entity and any counterparty, the swap entity shall communicate in a fair and balanced manner based on principles of fair dealing and good faith.

authority: 7 U.S.C. 1a,2,6,6a,6b,6b-1,6c,6p,6r,6s,6t,9,9a,12,12a,13b,13c,16a,18,19,21
source: 77 FR 2628, Jan. 19, 2012, unless otherwise noted.
cite as: 17 CFR 23.433
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