17 CFR § 242.809 - Staying of certification and tolling of review period pending jurisdictional determination.

---
identifier: "/us/cfr/t17/s242.809"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 242.809 - Staying of certification and tolling of review period pending jurisdictional determination."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "242.809"
section_name: "Staying of certification and tolling of review period pending jurisdictional determination."
chapter_name: "SECURITIES AND EXCHANGE COMMISSION"
part_number: "242"
part_name: "REGULATIONS M, SHO, ATS, AC, NMS, SE, AND SBSR, AND CUSTOMER MARGIN REQUIREMENTS FOR SECURITY FUTURES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 77g, 77q(a), 77s(a), 78b, 78c, 78c-4, 78g(c)(2), 78i(a), 78j, 78k-1(c), 78 78m, 78n, 78(b), 78(c), 78(g), 78q(a), 78q(b), 78q(h), 78w(a), 78dd-1, 78mm, 80a-23, 80a-29, 80a-37, and 8343."
regulatory_source: "62 FR 544, Jan. 3, 1997, unless otherwise noted."
cfr_part: "242"
---


# 242.809 Staying of certification and tolling of review period pending jurisdictional determination.

(a) A product certification made by a security-based swap execution facility pursuant to § 242.804 shall be stayed, or the review period for a product that has been submitted for Commission approval by a security-based swap execution facility pursuant to § 242.805 shall be tolled, upon request for a joint interpretation of whether the product is a swap, security-based swap, or mixed swap made pursuant to § 240.3a68-2 of this chapter by the security-based swap execution facility, the Commission, or the Commodity Futures Trading Commission.

(b) The Commission shall provide the security-based swap execution facility with a written notice of the stay or tolling pending issuance of a joint interpretation.

(c) The stay shall be withdrawn, or the approval review period shall resume, if a joint interpretation finding that the Commission has jurisdiction over the product is issued.