{"data":{"id":"us/17-cfr-23.150","jurisdiction":"us","citation":"17 CFR 23.150","heading":"Scope.","body":"(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.\n(b) The requirements set forth in §§ 23.150 through 23.161 shall not apply to a swap if the counterparty:\n(1) Qualifies for an exception from clearing under section 2(h)(7)(A) of the Act and implementing regulations;\n(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\n(3) Satisfies the criteria in section 2(h)(7)(D) of the Act and implementing regulations.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER I—COMMODITY FUTURES TRADING COMMISSION","PART 23—SWAP DEALERS AND MAJOR SWAP PARTICIPANTS","Subpart E—Capital and Margin Requirements for Swap Dealers and Major Swap Participants"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"dddde02dbe141f64df49169c03e78d611c68aaaa76edf2c55fdc399b165192d0","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-23.107-23.149","next":"us/17-cfr-23.151"},"notice":"GroundRules: Original legal text. Not legal advice."}