§ 49.26. Disclosure requirements of swap data repositories.
368 words·~2 min read·
/us/cfr/t17/s§ 49.26·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Before accepting any SDR data from a swap execution facility, designated contract market, or reporting counterparty; or upon a swap execution facility's, designated contract market's, or reporting counterparty's request; a swap data repository shall furnish to the swap execution facility, designated contract market, or reporting counterparty a disclosure document that contains the following written information, which shall reasonably enable the swap execution facility, designated contract market, or reporting counterparty to identify and evaluate accurately the risks and costs associated with using the services of the swap data repository:
(a)The swap data repository's criteria for providing others with access to services offered and SDR data maintained by the swap data repository;
(b)The swap data repository's criteria for those seeking to connect to or link with the swap data repository;
(c)A description of the swap data repository's policies and procedures regarding its safeguarding of SDR data and operational reliability to protect the confidentiality and security of such data, as described in § 49.24;
(d)The swap data repository's policies and procedures reasonably designed to protect the privacy of any and all SDR data that the swap data repository receives from a swap execution facility, designated contract market, or reporting counterparty, as described in § 49.16;
(e)The swap data repository's policies and procedures regarding its non-commercial and/or commercial use of the SDR data that it receives from a swap execution facility, designated contract market, or reporting counterparty;
(f)The swap data repository's dispute resolution procedures;
(g)A description of all the swap data repository's services, including any ancillary services;
(h)The swap data repository's updated schedule of any fees, rates, dues, unbundled prices, or other charges for all of its services, including any ancillary services; any discounts or rebates offered; and the criteria to benefit from such discounts or rebates;
(i)A description of the swap data repository's governance arrangements; and
(j)The swap data repository's policies and procedures regarding the reporting of SDR data to the swap data repository, including the swap data repository's SDR data validation procedures, swap data verification procedures, and procedures for correcting SDR data errors and omissions. \[76 FR 54575, Sept. 1, 2011, as amended at 85 FR 75662, Nov. 25, 2020\]
Connections2 cite this
Cited by 2 sections · top 1
register
Citation graph
cites case law
§ 49.26
Disclosure requirements of swap data repositories.
Fed. Reg.×2
Cites 0Cited by 2 across 1 source