NFA Approves Surcharge for Certain Swaps

Pending approval by the CFTC , NFAs Board of Directors has approved an annual dues surcharge of $1,750.00 on Certain NFA Members including FCMs for which NFA is the DSRO, IBs, CPOs, and CTAs that are approved as swap firms….

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Anti-Money Laundering Deficient Jurisdictions

The NFA has put out an updated list of jurisdictions that are deficient in anti-money laundering and anti-terrorism rules.  There are some of the usual suspects (Iran) and a few new ones (Cambodia). Financial institutions should be aware of changes…

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NFA Amends Swap Rules

Effective Date:  January 31, 2020 NFA  has recently amended NFA Bylaw 301 and NFA Compliance Rule 2-24 as well as adopted a new Interpretive Notice entitled NFA Bylaw 301 and Compliance Rule 2-24:  Proficiency Requirements for Swap APs to implement…

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