---
kind: "section"
citation: "17 C.F.R. § 37.600"
title: "17"
number: "37.600"
heading: "Core Principle 6—Position limits or accountability."
url: "https://uscodex.org/cfr/17/37.600"
---

# §37.600. Core Principle 6—Position limits or accountability.

- (a) **In general.** To reduce the potential threat of market manipulation or congestion, especially during trading in the delivery month, a swap execution facility that is a trading facility shall adopt for each of the contracts of the facility, as is necessary and appropriate, position limitations or position accountability for speculators.
- (b) **Position limits.** For any contract that is subject to a position limitation established by the Commission pursuant to section 4a(a) of the Act, the swap execution facility shall:
  - (1) Set its position limitation at a level no higher than the Commission limitation; and
  - (2) Monitor positions established on or through the swap execution facility for compliance with the limit set by the Commission and the limit, if any, set by the swap execution facility.

## 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.