Sec. 352. Reporting of illiquid swaps so as to not disadvantage certain non-financial end users
198 words·~1 min read·
/bill/113/hr/4413/rh/section-352A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 2(a)(13) of the Commodity Exchange Act ( 7 U.S.C. 2(a)(13) ) is amended— in subparagraph (C), by striking The Commission and inserting Except as provided in subparagraph (D), the Commission ; and by redesignating subparagraphs
(D)through
(G)as subparagraphs
(E)through (H), respectively, and inserting after subparagraph
(C)the following: Notwithstanding subparagraph (C): The Commission shall provide by rule for the public reporting of swap transactions, including price and volume data, in illiquid markets that are not cleared and entered into by a non-financial entity that is hedging or mitigating commercial risk in accordance with subsection (h)(7)(A). The Commission shall ensure that the swap transaction information referred to in clause
(i)of this subparagraph is available to the public no sooner than 30 days after the swap transaction has been executed or at such later date as the Commission determines appropriate to protect the identity of participants and positions in illiquid markets and to prevent the elimination or reduction of market liquidity. In this subparagraph, the term illiquid markets means any market in which the volume and frequency of trading in swaps is at such a level as to allow identification of individual market participants. .
Connectionstraces to 1
Citation graph
cites case law
Sec. 352
Reporting of illiquid swaps so as to not disadvantage certain non-financial end users
Cites 1Cited by 0 across 0 sources