; and (2) in subparagraph (B), by inserting that is not a swap contract after contract . (b) Obligations for swap execution facilities Section 5h(f)(4)(B) of such Act ( 7 U.S.C. 7b–3(f)(4)(B) ) is amended by striking in swaps and inserting activity in swaps occurring on the swap execution facility . (c) Cross-Facility data aggregation relief Section 5h(f) of such Act ( 7 U.S.C. 7b–3(f) ) is amended by striking paragraph (6). 3. Swap entity administrative improvements (a) Authority of registered entities To use third-Party service providers Section 5c(b) of the Commodity Exchange Act ( 7 U.S.C. 7a–2(b) ) is amended to read as follows: (b) Delegation of functions under core principles (1) In general A registered entity may comply with any applicable core principle through delegation of any relevant function to a third-party service provider. (2) Responsibility A registered entity that delegates a function under paragraph (1) shall remain responsible for carrying out the function. (3) Noncompliance If a registered entity that delegates a function under paragraph (1) becomes aware that the function is not being performed as required under this Act, the registered entity shall promptly take steps to address the noncompliance. . (b) Registration of swap execution facilities Section 5h(a)(1) of such Act ( 7 U.S.C. 7b–3(a)(1) ) is amended by striking or processing . (c) Core principles for swap execution facilities (1) Modification of emergency authority requirements Section 5h(f)(8) of such Act ( 7 U.S.C. 7b–3(f)(8) ) is amended by striking all that follows cooperation with the Commission and inserting or other registered entities, as is necessary and appropriate, to facilitate the liquidation or transfer of open positions in any swap, or to suspend or curtail trading in a swap. . (2) Reduction of operating capital requirement Section 5h(f)(13)(B) of such Act ( 7 U.S.C. 7b–3(f)(13)(B) ) is amended by striking 1-year period, as calculated on a rolling basis, and inserting 90-day period, as calculated on a rolling basis,