Dec 18, 2023 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 regulating communications supervision and cybersecurity than in years past.2023 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 2024 is your best year of compliance yet.2023 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 2023. The topics range from new approaches from regulators to the newest frauds such as Pig-Butchering scams.Building A Robust CFTC and NFA Record Keeping ProgramCritical CFTC Supervision and Record Keeping TipsCyber Alert: “Pig Butchering” EducationAnnual Attestation Anxiety: A Guide To Supervisory ReviewsBlock Trades, Voice, Chat, & OTC BrokerageRenewables: Uncertain Regulations Equal Uncertain MarketsIs “Working From Home” A Compliance Time Bomb?Revisiting NFA Bylaw 1101CFTC, NFA Trading Performance Interest CalculationsNFA’s First Crypto Regulations2023 Regulatory Examination and Audit ExpectationsEight Secrets No One Shares with A New CTA