CFTC Provides Registration Waivers for Series 3 and Fingerprint Cards Apr 24, 2020 The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) today announced that, in response to the COVID-19 (coronavirus) pandemic, it has issued additional targeted no-action relief to registrants listing new principals and to applicants for registration as associated persons (APs) from the requirement to submit a fingerprint card for any such principal or AP registration applicant.
CFTC/NFA Registrant PPP Guidance Apr 24, 2020 On April 23, 2020, the CFTC issued a no-action letter to futures commission merchants (FCM) and introducing brokers (IB) addressing the net capital treatment of covered loans obtained under the Paycheck Protection Program (PPP) and unpaid FINRA assessment fees. PPP is a component of the Coronavirus Aid, Relief, and Economic Security Act administered by the Small Business Association.
NIBA Makes Request to CFTC for No-Action Position Apr 17, 2020 NIBA recently published information regarding the CARES act and how its members can navigate the process should they choose to do so. Looking a few steps ahead the natural question became – are there compliance and regulatory considerations for firms that apply for and receive relief?