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.
NFA CFTC Annual Compliance Obligations Dec 16, 2019 As 2019 comes to a close staff will begin leaving for holiday vacation and compliance will be forgotten. 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 generally been more active with audits than they have in previous years. Earlier this month Turnkey published an article about enforcement actions, patterns, and trends to look out for in 2020.