17 CFR § 49.19 - Core principles applicable to swap data repositories.
---
identifier: "/us/cfr/t17/s49.19"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 49.19 - Core principles applicable to swap data repositories."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "49.19"
section_name: "Core principles applicable to swap data repositories."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "49"
part_name: "SWAP DATA REPOSITORIES"
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(a), 6r, 12a, and 24a, as amended by Title VII of the Wall Street Reform and Consumer Protection Act of 2010, Pub. L. 111-203, 124 Stat. 1376 (Jul. 21, 2010), unless otherwise noted."
regulatory_source: "76 FR 54575, Sept. 1, 2011, unless otherwise noted."
cfr_part: "49"
---
# 49.19 Core principles applicable to swap data repositories.
(a) *Compliance with core principles.* To be registered, and maintain registration, a swap data repository shall comply with the core principles as described in this section. Unless otherwise determined by the Commission by rule or regulation, a swap data repository shall have reasonable discretion in establishing the manner in which the swap data repository complies with the core principles described in this section.
(b) *Antitrust considerations (Core Principle 1).* Unless necessary or appropriate to achieve the purposes of the Act, a swap data repository shall avoid adopting any rule or taking any action that results in any unreasonable restraint of trade; or imposing any material anticompetitive burden on trading, clearing or reporting swaps.
(c) *Governance arrangements (Core Principle 2).* Swap data repositories shall establish governance arrangements as set forth in § 49.20.
(d) *Conflicts of interest (Core Principle 3).* Swap data repositories shall manage and minimize conflicts of interest and establish processes for resolving such conflicts of interest as set forth in § 49.21.
(e) *Additional duties (Core Principle 4).* Swap data repositories shall also comply with the following additional duties:
(1) *Financial resources.* Swap data repositories shall maintain sufficient financial resources as set forth in § 49.25;
(2) *Disclosure requirements of swap data repositories.* Swap data repositories shall furnish an appropriate disclosure document setting forth the risks and costs of swap data repository services as detailed in § 49.26; and
(3) *Access and Fees.* Swap data repositories shall adhere to Commission requirements regarding fair and open access and the charging of any fees, dues or other similar type charges as detailed in § 49.27.
[76 FR 54575, Sept. 1, 2011, as amended at 85 FR 75661, Nov. 25, 2020]