NFA’s New Supervisory Requirement for Member Swap Activities Comes into Force End of September

Published On August 8, 2019

The National Futures Association has announced that a recently proposed amendment, that will extend the supervisory obligations of futures commission merchants to include brokers, commodity pool operators and commodity trading advisors and their swaps activities, will come into effect on September 30th, 2019.

A further rule requiring swap dealer members to supervise the swaps activities of their employees will come into effect on the same date alongside associated guidance.