§22.7. Permitted depositories: Treatment of Cleared Swaps Customer Collateral.
17 C.F.R. § 22.7
A Permitted Depository shall treat all funds in a Cleared Swaps Customer Account as Cleared Swaps Customer Collateral. A Permitted Depository shall not hold, dispose of, or use any such Cleared Swaps Customer Collateral as belonging to any person other than:
The Cleared Swaps Customers of the futures commission merchant maintaining such Cleared Swaps Customer Account or;
The Cleared Swaps Customers of the futures commission merchants for which the derivatives clearing organization maintains such Cleared Swaps Customer Account.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 1a, 6d, 7a-1 as amended by Pub. L. 111-203, 124 Stat. 1376.
Source
Source: 77 FR 6371, Feb. 7, 2012, unless otherwise noted.