Notices to Members

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Notice I-21-05

January 25, 2021

Coronavirus (COVID-19) Update—Limited Extension to Certain Relief for FCMs and IBs

The CFTC's Market Participants Division (MPD), formerly the Division of Swap Dealer and Intermediary Oversight, recently issued no-action letter 21-05 extending certain no-action relief for futures commission merchants (FCM) and introducing brokers (IB) with respect to regulatory obligations for time-stamping of orders. This no-action relief is extended through April 15, 2021. NFA is also extending through April 15, 2021, similar relief for Members that are in compliance with the terms of MPD's no-action relief.

MPD also recently issued no-action letter 21-04 extending certain no-action relief for IBs with respect to regulatory obligations for recordkeeping of oral communications. This no-action relief is extended through March 31, 2021. NFA is also extending through March 31, 2021, similar relief for Members that are in compliance with the terms of MPD's no-action relief. Neither MPD nor NFA expects to extend this relief further.

If you have any questions on this Notice, please contact Valerie O'Malley (vomalley@nfa.futures.org or 312-781-1290).

Timely information and guidance for Members and the investing public continues to be posted to NFA's dedicated COVID-19 webpage as it becomes available.

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