NFA notified its members that swap dealers must electronically file required notices related to swap dealer initial margin models.
News & Insights
NFA provided guidance on use of alternative reference rates in initial margin calculation models for uncleared swaps.
A CFTC-registered swap dealer settled NFA charges for rule violations concerning posting variation margin on swaps and supervision over external business conduct.
An NFA interpretive notice on swap dealer reporting requirements, and the imposition of a late filing fee of $1,000 per business day for certain reports, will go into effect on October 6, 2021.
NFA proposed (i) an interpretive notice to clarify swap dealer reporting requirements with respect to initial margin model performance and (ii) the imposition of a late fee of $1,000 per business day if filings, including those related to initial margin model performance, are late.