17 C.F.R. § 1.72

Current through October 31, 2024
Section 1.72 - Restrictions on customer clearing arrangements

No futures commission merchant providing clearing services to customers shall enter into an arrangement that:

(a) Discloses to the futures commission merchant or any swap dealer or major swap participant the identity of a customer's original executing counterparty;
(b) Limits the number of counterparties with whom a customer may enter into a trade;
(c) Restricts the size of the position a customer may take with any individual counterparty, apart from an overall limit for all positions held by the customer at the futures commission merchant;
(d) Impairs a customer's access to execution of a trade on terms that have a reasonable relationship to the best terms available; or
(e) Prevents compliance with the timeframes set forth in § 1.74(b) , § 23.610(b) , or § 39.12(b)(7) of this chapter.

17 C.F.R. §1.72

77 FR 21306 , Apr. 9, 2012