Regulations last checked for updates: May 02, 2024

Title 17 - Commodity and Securities Exchanges last revised: Apr 29, 2024
§ 1.72 - Restrictions on customer clearing arrangements.

No futures commission merchant providing clearing services to customers 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 at the futures commission merchant;

(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 21306, Apr. 9, 2012]
authority: 7 U.S.C. 1a,2,5,6,6a,6b,6c,6d,6e,6f,6g,6h,6i,6k,6l,6m,6n,6o,6p,6r,6s,7,7a-1,7a-2,7b,7b-3,8,9,10a,12,12a,12c,13a,13a-1,16,16a,19,21,23, and24 (2012)
source: 41 FR 3194, Jan. 21, 1976, unless otherwise noted.
cite as: 17 CFR 1.72