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NFA Reminds Swap Dealers to Report Swap Valuation Disputes

National Futures Association ("NFA") reminded swap dealers of their obligation to report swap valuation disputes exceeding $20 million in value.

In particular, NFA said that all member swap dealers, including those relying on "substituted compliance" regarding CFTC Rule 23.502(c), must satisfy the filing requirements outlined in NFA's Interpretive Notice to Compliance Rule 2-49, which became effective on January 29, 2018.

Primary Sources

  1. NFA Notice I-19-11: Reminder - Filing Requirements for Swap Valuation Dispute Notices under NFA Compliance Rule 2-49 Apply to all Swap Dealer Members

Tags

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