§ 240.3Ca-2. Submission of security-based swaps for clearing.
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/us/cfr/t17/s§ 240.3Ca-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Pursuant to section 3C(a)(1) of the Act (15 U.S.C. 78c-3(a)(1)), it shall be unlawful for any person to engage in a security-based swap unless that person submits such security-based swap for clearing to a clearing agency that is registered under this Act or a clearing agency that is exempt from registration under the Act if the security-based swap is required to be cleared. The phrase submits such security-based swap for clearing to a clearing agency in the clearing requirement of Section 3C(a)(1) of the Act shall mean that the security-based swap will be submitted for central clearing to a clearing agency that functions as a central counterparty. \[77 FR 41647, July 13, 2012\]
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§ 240.3Ca-2
Submission of security-based swaps for clearing.
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