17 CFR 38.1100

§ 38.1100 Core Principle 21.

United States · 17 CFR — Commodity and Securities Exchanges · Status: effective

Cite this

Citation: 17 CFR 38.1100, § 38.1100 Core Principle 21, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/67208
Permanent ID: ys:prov:67208@1
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Full text

(a) In General. The board of trade shall have adequate financial, operational, and managerial resources to discharge each responsibility of the board of trade. (b) Determination of adequacy. The financial resources of the board of trade shall be considered to be adequate if the value of the financial resources exceeds the total amount that would enable the contract market to cover the operating costs of the contract market for a 1-year period, as calculated on a rolling basis.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.