§ 37.1400. Core Principle 14---System safeguards.
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/us/cfr/t17/s§ 37.1400·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The swap execution facility shall:
(a)Establish and maintain a program of risk analysis and oversight to identify and minimize sources of operational risk, through the development of appropriate controls and procedures, and automated systems, that:
(1)Are reliable and secure; and
(2)Have adequate scalable capacity;
(b)Establish and maintain emergency procedures, backup facilities, and a plan for disaster recovery that allow for:
(1)The timely recovery and resumption of operations; and
(2)The fulfillment of the responsibilities and obligations of the swap execution facility; and
(c)Periodically conduct tests to verify that the backup resources of the swap execution facility are sufficient to ensure continued:
(1)Order processing and trade matching;
(2)Price reporting;
(3)Market surveillance; and
(4)Maintenance of a comprehensive and accurate audit trail.
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§ 37.1400
Core Principle 14---System safeguards.
Fed. Reg.×7
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