7 U.S.C. § 6r — Reporting and recordkeeping for uncleared swaps

(a) Required reporting of swaps not accepted by any derivatives clearing organization (1) In general. A swap that no derivatives clearing organization accepts for clearing must be reported either (A) to a swap data repository under section 24a, or (B) if no repository will take it, to the Commission itself, within whatever time the Commission sets by rule. (2) Transition rule for pre-enactment swaps. (A) A swap entered into before July 21, 2010, whose terms hadn't expired by that date, had to be reported to a registered swap data repository or the Commission within 30 days of the interim final rule being issued, or another period the Commission decided was appropriate. (B) The Commission had to issue that interim final rule within 90 days of July 21, 2010, covering reporting of pre-existing swaps. (C) These reporting rules took effect as soon as this section became law. (3) Reporting obligations. (A) If only one side of a swap is a swap dealer or major swap participant, that side must report the swap. (B) If one side is a swap dealer and the other is a major swap participant, the swap dealer must report it. (C) For any other swap, the two counterparties must agree on which of them reports it. (b) Duties of certain individuals Anyone who enters a swap must meet the requirements in subsection (c) if the swap wasn't (1) cleared under section 2(h)(1), or (2) accepted by a swap data repository under the Commission's rules. (c) Requirements That person or entity must: (1) give the Commission reports about their swaps, in the form and manner the Commission asks for, if the Commission requests it in writing; and (2) keep books and records about their swaps, in the form, manner, and for the period the Commission requires — open to inspection by (A) any Commission representative, (B) the appropriate prudential regulator, (C) the SEC, (D) the Financial Stability Oversight Council, and (E) the Department of Justice. (d) Identical data When writing rules under this section, the Commission must require these individuals and entities to report data at least as complete as what swap data repositories must collect under section 24a.