§ 39.37. Additional disclosure for systemically important derivatives clearing organizations and subpart C derivatives clearing organizations.
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/us/cfr/t17/s§ 39.37·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to the requirements of § 39.21, each systemically important derivatives clearing organization and subpart C derivatives clearing organization shall:
(a)Complete and publicly disclose its responses to the Disclosure Framework for Financial Market Infrastructures published by the Committee on Payment and Settlement Systems and the Board of the International Organization of Securities Commissions; (b)(1) Review and update its responses disclosed as required by paragraph
(a)of this section at least every two years and following material changes to the systemically important derivatives clearing organization's or subpart C derivatives clearing organization's system or the environment in which it operates. A material change to the systemically important derivatives clearing organization's or subpart C derivatives clearing organization's system or the environment in which it operates is a change that would significantly change the accuracy and usefulness of the existing responses; and
(2)Provide notice to the Commission of updates to its responses required by paragraph (b)(1) of this section following material changes no later than ten business days after the updates are made. Such notice shall be accompanied by a copy of the text of the responses that shows all deletions and additions made to the immediately preceding version of the responses;
(c)Publicly disclose relevant basic data on transaction volume and values consistent with the standards set forth in the Public Quantitative Disclosure Standards for Central Counterparties published by the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions;
(d)Publicly disclose rules, policies, and procedures concerning segregation and portability of customers' positions and funds, including whether each of:
(1)Futures customer funds, as defined in § 1.3 of this chapter;
(2)Cleared Swaps Customer Collateral, as defined in § 22.1 of this chapter; or
(3)Foreign futures or foreign options secured amount, as defined in § 1.3 of this chapter is:
(i)Protected on an individual or omnibus basis or
(ii)Subject to any constraints, including any legal or operational constraints that may impair the ability of the systemically important derivatives clearing organization or subpart C derivatives clearing organization to segregate or transfer the positions and related collateral of a clearing member's customers. \[78 FR 72514, Dec. 2, 2013, as amended at 83 FR 7996, Feb. 23, 2018; 85 FR 4862, Jan. 27, 2020; 88 FR 53684, Aug. 8, 2023\]
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§ 39.37
Additional disclosure for systemically important derivatives clearing organizations and subpart C derivatives clearing organizations.
Fed. Reg.×2
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