17 CFR § 37.1100 - Core Principle 11—Antitrust considerations.

---
identifier: "/us/cfr/t17/s37.1100"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 37.1100 - Core Principle 11—Antitrust considerations."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "37.1100"
section_name: "Core Principle 11—Antitrust considerations."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "37"
part_name: "SWAP EXECUTION FACILITIES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1a, 2, 5, 6, 6c, 7, 7a-2, 7b-3, and 12a, as amended by Titles VII and VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, 124 Stat. 1376."
regulatory_source: "78 FR 33582, June 4, 2013, unless otherwise noted."
cfr_part: "37"
---


# 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.