Dormant Rule Law and Legal Definition

According to 17 CFR 40.1 [Title 17 -- Commodity and Securities Exchanges; Chapter I -- Commodity Futures Trading Commission; Part 40 -- Provisions Common to Registered Entities], dormant rule means:

“(1) Any registered entity rule which remains unimplemented for twelve complete calendar months following a certification with, or an approval by, the Commission; or

(2) Any rule or rule amendment of a dormant designated contract market, derivatives transaction execution facility or derivatives clearing organization.”