U.S. Code of Federal Regulations

Regulations most recently checked for updates: Oct 07, 2025

§ 37.1100 - Core Principle 11—Antitrust considerations.

Unless necessary or appropriate to achieve the purposes of the Act, the swap execution facility shall not:

(a) Adopt any rules or take any actions that result in any unreasonable restraint of trade; or

(b) Impose any material anticompetitive burden on trading or clearing.