Effective Dates of Amendments to NFA Bylaw 301 and Registration Rules 401 and 402 Regarding Swap Registration Requirements for FCMs, IBs, CPOs, CTAs and APs

NFA recently amended NFA Bylaw 301 to require NFA member FCMs, IBs, CPOs and CTAs and their APs which engage in swaps activity that is subject to CFTC jurisdiction, to be approved by NFA as a swaps firm or swaps AP. The amendments to Bylaw 301 are effective January 1, 2013. However, a member may request swap designation for itself and its APs effective immediately.

NFA also amended Registration Rules 401 and 402 to provide relief from the proficiency requirements for the swaps APs of these members. The amendments to Registration Rules 401 and 402 are effective immediately.

View notice in full here (links externally to CFTC website).