§ 38.253. Additional requirements for cash-settled contracts.
131 words·~1 min read·
/us/cfr/t17/s§ 38.253·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)For cash-settled contracts, the designated contract market must demonstrate that it:
(1)Monitors the pricing of the index to which the contract will be settled; and
(2)Monitors the continued appropriateness of the methodology for deriving the index and makes a good-faith effort to resolve conditions, including amending contract terms where necessary, where there is a threat of market manipulation, disruptions, or distortions.
(b)If a contract listed on a designated contract market is settled by reference to the price of a contract or commodity traded in another venue, including a price or index derived from prices on another designated contract market, the designated contract market must have rules or agreements that allow the designated contract market access to information on the activities of its traders in the reference market.
Connections5 cite this
Citation graph
cites case law
§ 38.253
Additional requirements for cash-settled contracts.
Fed. Reg.×5
Cites 0Cited by 5 across 1 source