As of February 1, 2022, the National Futures Association (NFA) extended its relief from on-site annual reviews by continuing to allow branch offices & guaranteed IBs to conduct these reviews virtually.

Due to the ongoing impact of COVID-19 in the United States, the NFA understands that it may still be difficult for Members to conduct on-site inspections for branch offices and guaranteed IBs this year. However, although Members may conduct the required annual inspection of each branch office and guaranteed IB remotely, Members must be sure to conduct the review by December 31, 2022.

Turnkey conducts over 200 branch reviews a year, and has previously written a virtual review cheat sheet to help with document organization, file sharing, and communications during a remote inspection. These best practices for preparing for a virtual examination can be reviewed here.

If you have any questions on this Notice, please contact us today!