NFA proposed amendments to (i) expand obligations involving discretionary customer accounts, and (ii) clarify rules and interpretations on discretionary accounts, customer information, risk disclosures and bunched orders.
CFTC Division of Swap Dealer and Intermediary Oversight Director Joshua B. Sterling described the CFTC’s role in overseeing CPOs and CTAs in light of the growing size and agility of the firms in the asset management industry.
CFTC Division of Swap Dealer and Intermediary Oversight Director Joshua B. Sterling provided clarification on the CFTC's announcement that it would conduct "targeted thematic reviews" of CPOs and swap dealers.
The CFTC Division of Swap Dealer and Intermediary Oversight published interpretative guidance to clarify commodity trading advisor registration requirements in light of the MiFID II research compensation provisions.
CFTC Commissioner Rostin Behnam identified four key reform priorities: mandatory clearing, exchange trading of standardized swaps, swap data reporting, and capital and margin requirements for non-centrally cleared swaps.
The CFTC proposed amendments to regulations that concern the conditions under which certain non-U.S. entities acting in the capacity of futures commission merchants, introducing brokers, commodity trading advisors and commodity pool operators may qualify for exemptions from registration with the CFTC.
SIFMA's Asset Management Group published a template client document that asset managers can use to comply with new information and disclosure obligations required when onboarding clients for derivatives transactions.