§38.252. Additional requirements for physical-delivery contracts.
17 C.F.R. § 38.252
For physical-delivery contracts, the designated contract market must demonstrate that it:
Monitors a contract's terms and conditions as they relate to the underlying commodity market and to the convergence between the contract price and the price of the underlying commodity and show a good-faith effort to resolve conditions that are interfering with convergence; and
Monitors the supply of the commodity and its adequacy to satisfy the delivery requirements and make a good-faith effort to resolve conditions that threaten the adequacy of supplies or the delivery process.
Notes, amendments, and revision history
Source
Source: 77 FR 36700, June 19, 2012, unless otherwise noted.
Authority
Authority: 7 U.S.C. 1a, 2, 6, 6a, 6c, 6d, 6e, 6f, 6g, 6i, 6j, 6k, 6l, 6m, 6n, 7, 7a-2, 7b, 7b-1, 7b-3, 8, 9, 15, and 21, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, 124 Stat. 1376.
Source
Source: 66 FR 42277, Aug. 10, 2001, unless otherwise noted.