[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR31.17]

[Page 375]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 31_LEVERAGE TRANSACTIONS--Table of Contents
 
Sec.  31.17  Records of leverage transactions.

    (a) Each leverage transaction merchant receiving a leverage 
customer's order shall immediately upon receipt thereof prepare a 
written record of such order, including the account identification and 
order number, and shall record thereon, by time-stamp or other timing 
device, the date and time, to the nearest minute, such order is 
received.
    (b) Each leverage transaction merchant executing the order of a 
leverage customer shall record on a written record of such order, 
including the account identification and order number, by time-stamp or 
other timing device, the date and time, to the nearest minute, such 
order is executed.
    (c) For the purposes of this section, the term ``order'' shall 
include, but not be limited to, any order for the purchase, sale, 
repurchase, resale, rescission, settlement by delivery, or liquidation 
of a leverage contract.
    (d) Each leverage transaction merchant shall establish and maintain 
a record of the bid and ask prices of each leverage contract on each 
leverage commodity that the leverage transaction merchant offers to sell 
or sells, or offers to purchase or purchases. The record shall include 
the times these prices were in effect to the nearest ten seconds.

(Secs. 8a(5) and 19 of the Commodity Exchange Act, as amended, 7 U.S.C. 
12a(5) and 23 (1982))

[49 FR 5540, Feb. 13, 1984, as amended at 50 FR 34, Jan. 2, 1985]