§ 1.72. Restrictions on customer clearing arrangements.
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/us/cfr/t17/s§ 1.72·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. \[77 FR 21306, Apr. 9, 2012\]
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§ 1.72
Restrictions on customer clearing arrangements.
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