§ 49.26 - Disclosure requirements of swap data repositories.

§ 49.26 Disclosure requirements of swap data repositories.

Cross Reference

Link to an amendment published at 85 FR 75662, Nov. 25, 2020.

Before accepting any swap SDR data from a reporting entity swap execution facility, designated contract market, or reporting counterparty; or upon a reporting entityswap execution facility's, designated contract market's, or reporting counterparty's request, ; a registered swap data repository shall furnish to the reporting entity swap execution facility, designated contract market, or reporting counterparty a disclosure document that contains the following written information, which shall reasonably enable the reporting entity swap execution facility, designated contract market, or reporting counterparty to identify and evaluate accurately the risks and costs associated with using the services of the swap data repository:

(a) The registered swap data repository's criteria for providing others with access to services offered and swap SDR data maintained by the swap data repository;

(b) The registered swap data repository's criteria for those seeking to connect to or link with the swap data repository;

(c) A description of the registered swap data repository's policies and procedures regarding its safeguarding of swap SDR data and operational reliability to protect the confidentiality and security of such data, as described in § 49.24;

(d) The registered swap data repository's policies and procedures reasonably designed to protect the privacy of any and all swap SDR data that the swap data repository receives from a reporting entityswap execution facility, designated contract market, or reporting counterparty, as described in § 49.16;

(e) The registered swap data repository's policies and procedures regarding its non-commercial and/or commercial use of the swap SDR data that it receives from a swap execution facility, designated contract market participant, any registered entity, or any other personor reporting counterparty;

(f) The registered swap data repository's dispute resolution procedures;

(g) A description of all the registered swap data repository's services, including any ancillary services;

(h) The registered swap data repository's updated schedule of any fees, rates, dues, unbundled prices, or other charges for all of its services, including any ancillary services; any discounts or rebates offered; and the criteria to benefit from such discounts or rebates; and

(i) A description of the registered swap data repository's governance arrangements; and

(j) The swap data repository's policies and procedures regarding the reporting of SDR data to the swap data repository, including the swap data repository's SDR data validation procedures, swap data verification procedures, and procedures for correcting SDR data errors and omissions.

[76 FR 54575, Sept. 1, 2011, as amended at 85 FR 75662, Nov. 25, 2020]