17 CFR 38.252
§ 38.252 Additional requirements for physical-delivery contracts.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
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- Citation
- 17 CFR 38.252, § 38.252 Additional requirements for physical-delivery contracts, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/67135
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Full text
For physical-delivery contracts, the designated contract market must demonstrate that it:
(a) Monitors a contract's terms and conditions as they relate to the underlying commodity market and to the convergence between the contract price and the price of the underlying commodity and show a good-faith effort to resolve conditions that are interfering with convergence; and
(b) Monitors the supply of the commodity and its adequacy to satisfy the delivery requirements and make a good-faith effort to resolve conditions that threaten the adequacy of supplies or the delivery process.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.