NFA Amends Rule Regarding New Risk Exposure Report Filing Requirement for SDs and MSPs (NFA Notice I-14-20)

NFA issued a notice regarding the amendment to Compliance Rule 2-49 ("Swap Dealers and Major Swap Participants Regulations") on risk exposure filing requirements for swap dealers ("SDs") and major swap participants ("MSPs"). The amendment requires that SDs and MSPs provide any reports, documents, or notices, including those required by CFTC Rule 3.3 ("Chief Compliance Officer") or CFTC Rules Part 23 ("Swap Dealers and Major Swap Participants") to the NFA upon request.

According to the notice, NFA intends to make the rule amendment effective "in the very near future." Beginning September 30, 2014, SDs and MSPs will be required to submit quarterly Risk Exposure Reports to NFA and the CFTC through WinJammer™.

See: NFA Notice I-14-20.