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CFTC Authorizes NFA to Receive Notices of Large Swap Valuation Disputes

The CFTC authorized the NFA to receive notices of swap valuation disputes in excess of $20 million. Such disputes currently are submitted directly to the CFTC. Effective March 1, 2016, the NFA will receive and maintain the notices on behalf of the CFTC and provide summaries of and reports on them to the CFTC.

Beginning on March 1, 2016, swap dealers will be expected to file the required notices of swap valuation disputes through WinJammer™, the NFA's online filing application.

Primary Sources

  1. NFA Press Release

Related Articles

  • CFTC Delegates Authority to NFA for Notices Concerning Swap Valuation Disputes (Fed. Reg.)

    The CFTC authorized the NFA to receive, review, maintain and serve as the official custodian of records for notices provided by swap dealers and major swap participants of swap valuation disputes. The affected notices pertain to disputes in excess of $20 million (or its equivalent in any other currency) pursuant to CFTC Rule 23.502(c). The CFTC notice of authorization was published in the Federal Register.

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Tags

Regulated Entities
Swap Dealers / SBSDs
Regulated Products
Swaps / SBS
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC