---
kind: "section"
citation: "17 C.F.R. § 23.150"
title: "17"
number: "23.150"
heading: "Scope."
url: "https://uscodex.org/cfr/17/23.150"
---

# §23.150. Scope.

- (a) The margin requirements set forth in [§§ 23.150 through 23.161](/cfr/17/23.150..23.161.md) shall apply to uncleared swaps, as defined in [§ 23.151](/cfr/17/23.151.md), that are executed after the applicable compliance dates set forth in [§ 23.161](/cfr/17/23.161.md).
- (b) The requirements set forth in [§§ 23.150 through 23.161](/cfr/17/23.150..23.161.md) shall not apply to a swap if the counterparty:
  - (1) Qualifies for an exception from clearing under section 2(h)(7)(A) of the Act and implementing regulations;
  - (2) Qualifies for an exemption from clearing under a rule, regulation, or order issued by the Commission pursuant to section 4(c)(1) of the Act concerning cooperative entities that would otherwise be subject to the requirements of section 2(h)(1)(A) of the Act; or
  - (3) **Satisfies the criteria in section 2(h)(7)(D) of the Act and implementing regulations.**

## Notes

### Source

Source: 81 FR 695, Jan. 6, 2016, unless otherwise noted.

### Authority

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. Section 23.160 also issued under 7 U.S.C. 2(i); Sec. 721(b), Pub. L. 111-203, 124 Stat. 1641 (2010).

### Source

Source: 77 FR 2628, Jan. 19, 2012, unless otherwise noted.