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Code of Federal Regulations Title 17. Commodity and Securities Exchanges § 17.37.1400 Core Principle 14—System safeguards

Current as of January 02, 2025 | Updated by Findlaw Staff

The swap execution facility shall:

(a) Establish and maintain a program of risk analysis and oversight to identify and minimize sources of operational risk, through the development of appropriate controls and procedures, and automated systems, that:

(1) Are reliable and secure;  and

(2) Have adequate scalable capacity;

(b) Establish and maintain emergency procedures, backup facilities, and a plan for disaster recovery that allow for:

(1) The timely recovery and resumption of operations;  and

(2) The fulfillment of the responsibilities and obligations of the swap execution facility;  and

(c) Periodically conduct tests to verify that the backup resources of the swap execution facility are sufficient to ensure continued:

(1) Order processing and trade matching;

(2) Price reporting;

(3) Market surveillance;  and

(4) Maintenance of a comprehensive and accurate audit trail.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 17. Commodity and Securities Exchanges § 17.37.1400 Core Principle 14—System safeguards - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-17-commodity-and-securities-exchanges/cfr-sect-17-37-1400/

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