NFA proposed a new interpretive notice that would require swap dealers and major swap participants to establish a supervisory program for the use of marketing materials.

The CFTC Division of Enforcement reported on key metrics from the past year, including the number of cases filed and the amount of relief provided.

NFA reminded registrants that the annual affirmation requirement for entities claiming exemption from CPO or CTA registration is March 1, 2021.

The CFTC Division of Market Oversight extended the no-action relief provided to swap execution facilities for filing annual compliance reports to November 30, 2021.

The CFTC and the Italian Companies and Exchange Commission entered into a Memorandum of Understanding concerning the supervision and oversight of derivatives-related activities between the United States and Italy.

CFTC amendments to swap clearing exemptions, including expanded exemptions for sovereign entities and small banking entities, were published in the Federal Register.

The CFTC's Market Participants Division and Division of Market Oversight extended previously granted no-action relief aimed at ensuring regulatory continuity after the United Kingdom's departure from the European Union.

In its 2020 Annual Review, NFA highlighted several regulatory actions and provided statistics on investigations and enforcement.

Final rule amendments to swap data reporting requirements under CFTC Rules Parts 43, 45, 46 and 49 were published in the Federal Register ( see 85 FR 75422 , 85 FR 75503 and 85 FR 75601 ).

The CFTC investigated unusual trading activity on April 20, 2020, concerning the West Texas Intermediate Light Sweet Crude Oil futures contract.

CFTC Chair Heath P. Tarbert urged market participants to adhere to the 2020 IBOR Fallbacks Protocol.

An SEC and CFTC joint final rule reducing the margin requirements for security futures was published in the Federal Register.

NFA updated its CPO registration exemption requirements to conform to recent CFTC amendments on disclosure of prior statutory disqualifications.

CFTC Chair Heath P. Tarbert defended the current system of "self-regulation" in the U.S. derivatives markets.

The CFTC Division of Market Oversight extended previously issued no-action relief to non-U.S. swap dealers from certain swap data reporting requirements.

The CFTC adopted final rules for granting derivatives clearing organization registration exemptions to non-U.S. clearinghouses seeking to clear proprietary swaps for certain U.S. persons and futures commission merchants.

The CFTC adopted final rules on trade execution and swap facilities to codify previously issued no-action relief on "package transactions."

On November 18, the ICE Benchmark Administration and the UK Financial Conduct Authority published separate announcements on the future of the London Inter-bank Offered Rate.

The CFTC Division of Market Oversight extended previously issued relief to swap execution facilities from certain requirements related to post-execution allocation information.

The CFTC Division of Market Oversight extended time-limited no-action relief to swap execution facilities from the "occurs away" requirement under the CFTC definition of block trade.

CFTC amendments to the reporting requirements for CPOs and CTAs and Form CPO-PQR were published in the Federal Register.

A CFTC final rule delaying the compliance date for "Phase Six" of the initial margin requirements from September 1, 2021 to September 1, 2022 was published in the Federal Register.

An SEC and CFTC joint request for comments on possible methods for implementing the portfolio margining of SEC- and CFTC-regulated products was published in the Federal Register.

The CFTC granted exemptions to five foreign futures and options markets to allow their member firms to accept U.S. customer funds for margining futures and options contracts without registering as futures commission merchants with the CFTC.

The CFTC amended an Order that exempts eight Singapore-based trading platforms from swap execution facility registration.