Section 23.608 - Restrictions on counterparty clearing relationshipsNo swap dealer or major swap participant entering into a swap to be submitted for clearing with a counterparty that is a customer of a futures commission merchant shall enter into an arrangement that:
(a) Discloses to the futures commission merchant or any swap dealer or major swap participant the identity of a customer's original executing counterparty;(b) Limits the number of counterparties with whom a customer may enter into a trade;(c) Restricts the size of the position a customer may take with any individual counterparty, apart from an overall limit for all positions held by the customer with the swap dealer or major swap participant;(d) Impairs a customer's access to execution of a trade on terms that have a reasonable relationship to the best terms available; or(e) Prevents compliance with the timeframes set forth in § 1.74(b) , § 23.610(b) , or § 39.12(b)(7) of this chapter. 77 FR 21308 , Apr. 9, 2012