Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · CFR · Title 17 — Commodity and Securities Exchanges · Part 23 — Swap Dealers and Major Swap Participants · § 23.150

§ 23.150. Scope.

124 words·~1 min read·/us/cfr/t17/s§ 23.150·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The margin requirements set forth in §§ 23.150 through 23.161 shall apply to uncleared swaps, as defined in § 23.151, that are executed after the applicable compliance dates set forth in § 23.161.
(b)The requirements set forth in §§ 23.150 through 23.161 shall not apply to a swap if the counterparty:
(1)Qualifies for an exception from clearing under section 2(h)(7)(A) of the Act and implementing regulations;
(2)Qualifies for an exemption from clearing under a rule, regulation, or order issued by the Commission pursuant to section 4(c)(1) of the Act concerning cooperative entities that would otherwise be subject to the requirements of section 2(h)(1)(A) of the Act; or
(3)Satisfies the criteria in section 2(h)(7)(D) of the Act and implementing regulations.
Connections21 cite this
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.