Nov 26, 2021 As 2021 comes to a close, staff will begin leaving for holiday vacation and compliance will be forgotten. Turnkey Trading Partners always likes to remind our clients to consider annual compliance deadlines and obligations. This year saw both the Commodity Futures Trading Commission (“CFTC”) as well as National Futures Association (“NFA”) roll out a number of new compliance and regulatory changes. They also increased enforcement efforts and have been significantly more active with audits than they have in previous years.2021 NFA Annual ObligationsUpdate/Review Compliance Manual as applicableAnnual privacy notice to customers (consider changes to policy)For IB’s update and obtain New FCM AML reliance agreements.Complete NFA’s Annual Questionnaire Pay NFA Dues and update all registration informationComplete NFA’s Self-Examination Questionnaire for main office and branch officesEnsure branch and GIB locations have been audited within the calendar year (call Turnkey for help!)Conduct all trainings necessary such as Anti-Money Laundering (“AML”), Ethics, Cybersecurity, Identity Theft training for relevant employeeTest your Cyber Security and Disaster Recovery Plan and make any necessary adjustments.Implement Third – Party Service Provider Policies and Risk AssessmentIf you have any questions or concerns with your compliance program, please contact Turnkey today via (312) 324-0040 or by clicking here. Our team can conduct mock audits for your firm and fully assist with ensuring 2022 is your best year of compliance yet. 2021 Year In ReviewIf you have not done so sign up for Turnkey’s Newsletter which is sent monthly. We don’t sell or share customer information and we provide industry leading CFTC and NFA compliance content each month. The following are articles we have written in 2021 who’s topics range across new approaches from regulators, how Covid-19 has impacted your compliance obligations and unprecedented market events:Starting a Hedge Fund or Trading Investment AdvisorHow to Start a Profitable CTABranch Office Supervision Post-Covid: The “Next-Normal”CFTC, NFA Third Party Service Provider ObligationsThe End of CFTC/NFA Remote Work?Navigating the Semi-Regulated Cryptocurrency MarketDo Your Books and Records Meet Regulatory Expectations and Guidelines?NFA Proposes Branch Office Definition ChangesCFTC Cryptocurrency CrackdownAvoiding Accounting Pitfalls