NFA set an effective date of May 31, 2023 for recently adopted rules which establish requirements applicable to firms engaging in "digital asset commodity" activities.
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NFA submitted for adoption a CFTC compliance rule to implement anti-fraud, trading, and supervisory requirements for firms engaging in digital asset commodity activities.
The NFA issued a notice stating that members who take "reasonable steps" to determine the registration and membership status of previously exempt persons will not be in violation of NFA requirements.
The CFTC fined a telemarketing firm and its owners for illegal off-exchange finance transactions in precious metals.
77 FR 9734 The CFTC is adopting final rules to implement the Dodd-Frank Act's business conduct requirements for swap dealers and major swap participants in their dealings with counterparties, including "Special Entities." These rules prescribe external business conduct standards for swap dealers and major swap participants. In particular, the rules prohibit certain abusive practices, require disclosures of material information to counterparties and require SDs/MSPs to undertake certain due diligence relating to their dealings with counterparties, but do not apply to transactions initiated on a