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e-CFR data is current as of December 3, 2020

Title 17Chapter IPart 38 → Subpart G

Title 17: Commodity and Securities Exchanges

Subpart G—Emergency Authority

§38.350   Core Principle 6.
§38.351   Additional sources for compliance.

Source: 77 FR 36700, June 19, 2012, unless otherwise noted.

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§38.350   Core Principle 6.

The board of trade, in consultation or cooperation with the Commission, shall adopt rules to provide for the exercise of emergency authority, as is necessary and appropriate, including the authority:

(a) To liquidate or transfer open positions in any contract;

(b) To suspend or curtail trading in any contract; and

(c) To require market participants in any contract to meet special margin requirements.

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§38.351   Additional sources for compliance.

Applicants and designated contract markets may refer to the guidance and/or acceptable practices in appendix B of this part to demonstrate to the Commission compliance with the requirements of §38.350.

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