§37.1400. Core Principle 14—System safeguards.
17 C.F.R. § 37.1400
The swap execution facility shall:
Establish and maintain a program of risk analysis and oversight to identify and minimize sources of operational risk, through the development of appropriate controls and procedures, and automated systems, that:
Are reliable and secure; and
Have adequate scalable capacity;
Establish and maintain emergency procedures, backup facilities, and a plan for disaster recovery that allow for:
The timely recovery and resumption of operations; and
The fulfillment of the responsibilities and obligations of the swap execution facility; and
Periodically conduct tests to verify that the backup resources of the swap execution facility are sufficient to ensure continued:
Order processing and trade matching;
Price reporting;
Market surveillance; and
Maintenance of a comprehensive and accurate audit trail.
Notes, amendments, and revision history
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.