17 CFR 37.1304
§ 37.1304 Computation of costs to meet financial resources requirement.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 37.1304, § 37.1304 Computation of costs to meet financial resources requirement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/67089
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Full text
A swap execution facility shall each fiscal quarter, make a reasonable calculation of its projected operating costs and wind-down costs in order to determine its applicable obligations under §§ 37.1301 and 37.1303. The swap execution facility shall have reasonable discretion in determining the methodologies used to compute such amounts. The Commission may review the methodologies and require changes as appropriate.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.