Don't show this message again
7 U.S. Code § 24a. Swap data repositories
(a) Registration requirement
(1) Requirement; authority of derivatives clearing organization
(A) In general
It shall be unlawful for any person, unless registered with the Commission, directly or indirectly to make use of the mails or any means or instrumentality of interstate commerce to perform the functions of a swap data repository.
(B) Registration of derivatives clearing organizations
A derivatives clearing organization may register as a swap data repository.
(2) Inspection and examination
Each registered swap data repository shall be subject to inspection and examination by any representative of the Commission.
(3) Compliance with core principles
(A) In generalTo be registered, and maintain registration, as a swap data repository, the swap data repository shall comply with—
(i)
the requirements and core principles described in this section; and
(ii)
any requirement that the Commission may impose by rule or regulation pursuant to section 12a(5) of this title.
(B) Reasonable discretion of swap data repository
Unless otherwise determined by the Commission by rule or regulation, a swap data repository described in subparagraph (A) shall have reasonable discretion in establishing the manner in which the swap data repository complies with the core principles described in this section.