NFA Amends Branch Office Manager Exam Requirement

NFA adopted an amendment to the examination requirement for branch office managers of firms that engage only in swap activities.

As previously covered, NFA proposed an amendment to NFA Compliance Rule 2-7 to eliminate the branch office manager examination requirement (Series 30) for associated persons who have satisfied NFA's swap proficiency requirements to permit them to supervise the branch office of an NFA member that engages only in swap activities.

The amendment will become effective on January 3, 2022.