Deadline for Business Conduct Standards and Documentation Requirements for SDs and MSPs (NFA Notice 1-13-11)

NFA published the attached notice to remind members that provisionally registered swap dealers (SDs) and major swap participants (MSPs) are required to submit policies and procedures relating to those requirements no later than Wednesday, May 1, 2013. NFA further requests that members submit SD and MSP policies and procedures prior to the CFTC's required submission date to allow time for NFA staff to confirm receipt of responsive materials and to accommodate potential follow-up with SDs and MSPs in the event of an incomplete submission. In its December 18, 2012 Interim Final Rule, the CFTC deferred until May 1, 2013 the compliance date for the business conduct standards and documentation requirements. Non-U.S. SDs and MSPs are not required to submit policies and procedures relating to CFTC Regulation 23.201(b)(3)(ii) at this time.

For more information about these requirements, the RDSS system and the filing codes, visit the compliance page for SDs and MSPs on NFA's website.

See: NFA Notice I-13-11 (links externally to NFA website).