2022 CFTC – NFA Regulatory Change and Article Summary

As 2022 comes to a close Turnkey felt it would be helpful to recap all the various regulatory announcements and rule changes that occurred throughout the year.  If you have any questions or concerns with anything that changed this year or if you’d like assistance with your overall 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 2023 is your best year of compliance yet! If you’re reading this article and have not signed up for our newsletter please do so to get the latest information about derivatives compliance.

Hot Topics and Changes for 2022

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 in a number of key areas this year:

• Language Changes to AML Policies
• CTA Shuttered By CFTC For Unregulated SEF
• CME Group To Enter Brokerage Space
• AML Policy Changes Required
• NFA Enhanced Supervision Avoidance
• Developing a Compliance CFTC, NFA Compliance Manual
• NFA Extends Relief from On-Site Annual Inspections
• Micro Futures and Crypto Regulatory Crackdown?
• Conflict in Europe Highlights the Need for Strong Cybersecurity
• NFA/CFTC Updates Relating to Conflict in Ukraine
• Understanding Crypto Currency Taxation
• Understanding Promotional Material Guidelines
• Turnkey Launches Training Division
• NFA Against FTX Crypto Proposal
• Be Prepared for an Order Execution Audit
• CFTC and NFA ESG Programs
• IB, FCM, Precedent Setting CFTC Case?
• Proper Accounting and Valuation at IB’s; Swap Firms Essential
• More Than Ever: Crypto Registration Matters
• CFTC, NFA, CME, ICE Demand Staff Training Improvements
• CFTC/NFA Year End Compliance Checklist and Obligations