§1.72. Restrictions on customer clearing arrangements.
17 C.F.R. § 1.72
No futures commission merchant providing clearing services to customers shall enter into an arrangement that:
Discloses to the futures commission merchant or any swap dealer or major swap participant the identity of a customer's original executing counterparty;
Limits the number of counterparties with whom a customer may enter into a trade;
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;
Impairs a customer's access to execution of a trade on terms that have a reasonable relationship to the best terms available; or
Prevents compliance with the timeframes set forth in § 1.74(b), § 23.610(b), or § 39.12(b)(7) of this chapter.
Notes, amendments, and revision history
Amendments
[77 FR 21306, Apr. 9, 2012]
Authority
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, and 24 (2012).
Source
Source: 41 FR 3194, Jan. 21, 1976, unless otherwise noted.
Amendments
[77 FR 21306, Apr. 9, 2012]