Regulations last checked for updates: Nov 24, 2024

Title 17 - Commodity and Securities Exchanges last revised: Nov 19, 2024
§ 38.151 - Access requirements.

(a) Jurisdiction. Prior to granting any member or market participant access to its markets, a designated contract market must require that the member or market participant consent to its jurisdiction.

(b) Impartial access by members, persons with trading privileges and independent software vendors. A designated contract market must provide its members, persons with trading privileges, and independent software vendors with impartial access to its markets and services, including:

(1) Access criteria that are impartial, transparent, and applied in a non-discriminatory manner; and

(2) Comparable fee structures for members, persons with trading privileges and independent software vendors receiving equal access to, or services from, the designated contract market.

(c) Limitations on access. A designated contract market must establish and impartially enforce rules governing denials, suspensions, and revocations of a member's and a person with trading privileges' access privileges to the designated contract market, including when such actions are part of a disciplinary or emergency action by the designated contract market.

authority: 7 U.S.C. 1a,2,6,6a,6c,6d,6e,6f,6g,6i,6j,6k,6l,6m,6n,7,7a-2,7b,7b-1,7b-3,8,9,15, and21,as,Pub. L. 111-203, 124 Stat. 1376
source: 66 FR 42277, Aug. 10, 2001, unless otherwise noted.
cite as: 17 CFR 38.151