17 CFR § 242.827 - Core Principle 10—Antitrust considerations.

---
identifier: "/us/cfr/t17/s242.827"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 242.827 - Core Principle 10—Antitrust considerations."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "242.827"
section_name: "Core Principle 10—Antitrust considerations."
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"
---


# 242.827 Core Principle 10—Antitrust considerations.

Unless necessary or appropriate to achieve the purposes of the Act, the security-based 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.