{"data":{"id":"us/17-cfr-23.608","jurisdiction":"us","citation":"17 CFR 23.608","heading":"Restrictions on counterparty clearing relationships.","body":"No swap dealer or major swap participant entering into a swap to be submitted for clearing with a counterparty that is a customer of a futures commission merchant shall enter into an arrangement that:\n(a) Discloses to the futures commission merchant or any swap dealer or major swap participant the identity of a customer's original executing counterparty;\n(b) Limits the number of counterparties with whom a customer may enter into a trade;\n(c) Restricts the size of the position a customer may take with any individual counterparty, apart from an overall limit for all positions held by the customer with the swap dealer or major swap participant;\n(d) Impairs a customer's access to execution of a trade on terms that have a reasonable relationship to the best terms available; or\n(e) Prevents compliance with the timeframes set forth in § 1.74(b), § 23.610(b), or § 39.12(b)(7) of this chapter.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER I—COMMODITY FUTURES TRADING COMMISSION","PART 23—SWAP DEALERS AND MAJOR SWAP PARTICIPANTS","Subpart J—Duties of 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":"59cf7e0f5d2758d4bd738dca218df81073335b642d69a84e8c7e6b44c24ef7ed","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-23.607","next":"us/17-cfr-23.609"},"notice":"GroundRules: Original legal text. Not legal advice."}