The compliance date for NFA’s Swaps Proficiency Requirement is January 31, 2021. NFA members with APs required to satisfy NFA’s Swaps Proficiency Requirements must ensure these individuals do so by January 31, 2021.
Individuals who do not satisfy the Swaps Proficiency Requirements by the compliance date will be unable to engage in swaps activities until they have done so.
Additionally, the individual’s Associate Membership and AP registration will be withdrawn after the compliance date if the individual exclusively engages in swap activities on behalf of an NFA Member FCM, IB, CPO, or CTA.
Click here for instructions on accessing and completing the Swaps Proficiency Requirements.