CFTC/NFA – Regulatory Recap – July 2020

It can be difficult to keep track the various regulatory announcements and changes that occur during a month.  To better assist you Turnkey Trading Partners has put together a summary of the various regulatory notices and adjustments which have occurred since our last newsletter.

Rolling CFTC and NFA Corona Virus Updates

Both the Commodity Futures Trading Commission (“CFTC”) and National Futures Association (“NFA”) have been releasing guidance about their expectations for how firms grapple with Covid-19.  Turnkey has taken the time to gather this information into one place for our clients. As we become aware of new information impacting CFTC registrants and NFA member firms we’ll add it to this page. All FCMs, IBs, CTAs, and CPOs should bookmark this URL or sign up for our monthly newsletter for the latest updates. We’ll include the latest information pertaining to commodity futures, options, forex, and swap trading on a rolling basis (latest updates first!) with an easy to read summary. Please stay safe! This too shall pass!

New NFA Self-Exam; Subtle Changes… BIG Implications

Periodically, NFA updates the Self-Exam Questionnaire, which most recently occurred June 2, 2020.  When these updates are made NFA has the expectation that firms will use the most current version of the Questionnaire.