SD Exams—What to Expect Webinar
In September 2020, the CFTC adopted final rules imposing minimum capital and financial reporting requirements for swap dealers (SD) that are not subject to the rules of a prudential regulator (Covered SDs). NFA also adopted rules establishing minimum capital and other financial requirements for its SD Members and implemented a program to monitor and enforce their compliance with NFA's requirements. The compliance date for both the CFTC's and NFA's rules was October 6, 2021.
To provide SDs with information on the integration of capital requirements into NFA's SD exam program, and to provide general information on SD exams, NFA held a webinar on Tuesday, November 16, 2021.