NFA Reminds Firms of Forthcoming Reporting Requirements

The National Futures Association ("NFA") reminded firms that changes to filing requirements for swap valuation dispute notices and monthly swap dealer ("SD") risk data reports will become applicable in January 2018.

As previously covered, for swap valuation disputes required to be filed on or after January 2, 2018, the requirements outlined in a recent Interpretive Notice to NFA Compliance Rule 2-49 will be effective. The Interpretive Notice specifies the types of swap valuation disputes that must be reported, and standardizes the information that SDs must report electronically.

In addition, SDs will need to submit their first monthly risk data report by January 31, 2018.