NFA Issues Notice Regarding Portfolio Reconciliation Requirements for SDs and MSPs

The NFA has issued a notice reminding swap dealers (SDs) and major swap participants (MSPs) to submit policies and procedures relating to the reconciliation requirements set forth in CFTC Regulation 23.502 ("Portfolio Reconciliation"). CFTC No-Action Letter 13-40 deferred the compliance date for the portfolio reconciliation requirements until August 23, 2013. SDs and MSPs are required to submit policies and procedures relating to those requirements to the NFA Registration Documentation Submission System by that date.

See: NFA Notice I-13-21.