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7 U.S. Code § 7b-3

Swap execution facilities

7 U.S. Code § 7b-3. Swap execution facilities

(a) Registration
(1) In general
No person may operate a facility for the trading or processing of swaps unless the facility is registered as a swap execution facility or as a designated contract market under this section.
(2) Dual registration
Any person that is registered as a swap execution facility under this section shall register with the Commission regardless of whether the person also is registered with the Securities and Exchange Commission as a swap execution facility.
(b) Trading and trade processing
(1) In generalExcept as specified in paragraph (2), a swap execution facility that is registered under subsection (a) may—
(A)
make available for trading any swap; and
(B)
facilitate trade processing of any swap.
(2) Agricultural swaps
A swap execution facility may not list for trading or confirm the execution of any swap in an agricultural commodity (as defined by the Commission) except pursuant to a rule or regulation of the Commission allowing the swap under such terms and conditions as the Commission shall prescribe.
(c) Identification of facility used to trade swaps by contract markets
A board of trade that operates a contract market shall, to the extent that the board of trade also operates a swap execution facility and uses the same electronic trade execution system for listing and executing trades of swaps on or through the contract market and the swap execution facility, identify whether the electronic trading of such swaps is taking place on or through the contract market or the swap execution facility.
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