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
In its biennial report on examinations of state-registered investment advisers, the North American Securities Administrators Association highlighted that most investment advisers lack policies and procedures regarding the financial exploitation of seniors or other vulnerable investors.
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.
The North American Securities Administrators Association highlighted its major regulatory undertakings during 2020 and outlined challenges faced by the investment adviser industry and state securities regulators as a result of the pandemic.
In an open meeting, the CFTC approved three final rules: (i) one concerning position limits for derivatives, (ii) one extending the Phase VI compliance date of the margin requirements for uncleared swaps for swap dealers and major swap participants, and (iii) one exempting certain foreign intermediaries from the requirement to register as CPOs.