---
kind: "section"
citation: "17 C.F.R. § 23.433"
title: "17"
number: "23.433"
heading: "Communications—fair dealing."
url: "https://uscodex.org/cfr/17/23.433"
---

# §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.


## Notes

### Source

Source: 90 FR 61252, Dec. 30, 2025, 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.