NFA extended relief through the end of 2022 from the requirement to conduct on-site annual inspections of branch offices and guaranteed introducing brokers.
News & Insights
NFA amendments that modify the definition of "branch office" to exclude certain locations that are part of a hybrid work-from-home environment will go into effect on September 23, 2021.
NFA proposed amendments to its branch office interpretative notice that would modify the definition of "branch office" to exclude certain locations that are a part of a hybrid work-from-home environment.
NFA notified members that it would not pursue disciplinary actions if a firm allows associated persons to temporarily work from home under business contingency plans, provided that the firm institutes adequate supervisory methods and meets its recordkeeping requirements.
NFA reminded members to implement no less than the minimum requirements outlined in recently updated guidance on branch office supervision.