{"data":{"id":"us/17-cfr-240.3a71-5","jurisdiction":"us","citation":"17 CFR 240.3a71-5","heading":"a71-5 Exception for cleared transactions executed on a swap execution facility.","body":"(a) For purposes of § 240.3a71-3(b)(1), a non-U.S. person, other than a conduit affiliate, shall not include its security-based swap transactions that are entered into anonymously on an execution facility or national securities exchange and are cleared through a clearing agency; and\n(b) For purposes of § 240.3a71-3(b)(2), a person shall not include security-based swap transactions of an affiliated non-U.S. person, other than a conduit affiliate, when such transactions are entered into anonymously on an execution facility or national securities exchange and are cleared through a clearing agency.\n(c) The exceptions in paragraphs (a) and (b) of this section shall not apply to any security-based swap transactions of a non-U.S. person or of an affiliated non-U.S. person connected with the person's security-based swap dealing activity that are arranged, negotiated, or executed by personnel of such non-U.S. person located in a U.S. branch or office, or by personnel of an agent of such non-U.S. person located in a U.S. branch or office.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934","Subpart A—Rules and Regulations Under the Securities Exchange Act of 1934"],"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":"e88e88a659363cf0e73a996529a0a9d75cd866d13af227cdf24cef2b03696527","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-240.3a71-4","next":"us/17-cfr-240.3a71-6"},"notice":"GroundRules: Original legal text. Not legal advice."}