§38.253. Additional requirements for cash-settled contracts.
17 C.F.R. § 38.253
For cash-settled contracts, the designated contract market must demonstrate that it:
Monitors the pricing of the index to which the contract will be settled; and
Monitors the continued appropriateness of the methodology for deriving the index and makes a good-faith effort to resolve conditions, including amending contract terms where necessary, where there is a threat of market manipulation, disruptions, or distortions.
If a contract listed on a designated contract market is settled by reference to the price of a contract or commodity traded in another venue, including a price or index derived from prices on another designated contract market, the designated contract market must have rules or agreements that allow the designated contract market access to information on the activities of its traders in the reference market.
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.