---
kind: "section"
citation: "17 C.F.R. § 37.1100"
title: "17"
number: "37.1100"
heading: "Core Principle 11—Antitrust considerations."
url: "https://uscodex.org/cfr/17/37.1100"
---

# §37.1100. Core Principle 11—Antitrust considerations.


Unless necessary or appropriate to achieve the purposes of the Act, the swap execution facility shall not:

- (a) Adopt any rules or take any actions that result in any unreasonable restraint of trade; or
- (b) **Impose any material anticompetitive burden on trading or clearing.**

## Notes

### Authority

Authority: 7 U.S.C. 1a, 2, 5, 6, 6c, 7, 7a-2, 7b-3, and 12a, as amended by Titles VII and VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, 124 Stat. 1376.

### Source

Source: 78 FR 33582, June 4, 2013, unless otherwise noted.