When Congress created the CFTC, it simultaneously authorized the CFTC to establish registered futures associations with authority to regulate the practices of its Members. NFA is the sole registered futures association. The CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) is the CFTC component charged with oversight of NFA and its duties. DSIO regularly assesses whether NFA is adequately meeting its obligations to examine futures and swap markets intermediaries for compliance with the relevant provisions of the Commodity Exchange Act, CFTC regulations, and NFA rules. NFA works very closely with the CFTC in all of its activities. All of NFA's most significant actions such as rule changes, enforcement actions and registration actions, are subject to review and approval of the CFTC.