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CFTC DSIO Extends No-Action Relief on Registration Fingerprint Requirement

The CFTC Division of Swap Dealer and Intermediary Oversight ("DSIO") extended relief from July 23, 2020 to September 30, 2020 to principals and associated persons from rules requiring a fingerprint card when registering with the Commission.

As previously covered, the DSIO granted temporary relief to associated persons under CFTC Rule 3.10 ("Principal Registrations") and Rule 3.12 ("Associated Person Registrations"). The relief is conditional upon the sponsoring firm completing a criminal background check that does not reveal any matters that would subject the applicant to statutory disqualification under Sections 8a(2) and 8a(3) of the Commodity Exchange Act. Upon NFA's announcement that it has resumed processing, applicants will have 30 days to submit their fingerprints.

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