CFTC and NFA Compliance: Covid’s “New Audit Normal” Jul 30, 2020 Previously NFA member firms had their annual reviews conducted on-site and in-person, Covid-19 has changed all of that. For the foreseeable future all outside office reviews, including those of FCMs, IBs, GIBs, CTAs, and CPOs will be conducted remotely via a virtual meeting of some type.
Rolling CFTC and NFA Corona Virus Updates Jul 21, 2020 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 Jun 29, 2020 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.