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§ 37.1400 - Core Principle 14—System safeguards.

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The swap execution facility shall:

Establish and maintain a program of risk analysis and oversight to identify and minimize sources of operational risk, through the development of appropriate controls and procedures, and automated systems, that:

Are reliable and secure; and

Have adequate scalable capacity;

Establish and maintain emergency procedures, backup facilities, and a plan for disaster recovery that allow for:

The timely recovery and resumption of operations; and

The fulfillment of the responsibilities and obligations of the swap execution facility; and

Periodically conduct tests to verify that the backup resources of the swap execution facility are sufficient to ensure continued:

Order processing and trade matching;

Price reporting;

Market surveillance; and

Maintenance of a comprehensive and accurate audit trail.

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§ 37.1307 - Delegation of authority.
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§ 37.1401 - Requirements.