Compliance Rules

Part 2 - Rules Governing the Business Conduct of Members Registered with the Commission

RULE 2-49. SWAP DEALERS AND MAJOR SWAP PARTICIPANTS REGULATIONS

[Adopted effective December 19, 2013. Effective dates of amendments: September 30, 2014 and September 30, 2021.]

(a) Any Swap Dealer or Major Swap Participant Member that violates CFTC Regulation 3.3, the trade execution requirements of CFTC Regulation 37.12, or any requirement under Parts 23 or 50 of the CFTC's regulations, as applicable, shall be deemed to have violated an NFA Requirement.

(b) A Swap Dealer or Major Swap Participant Member must promptly submit any reports, documents or notices, including those required under CFTC Regulation 3.3 or Part 23 of the CFTC's regulations, and any other supplemental information, to NFA and CFTC, as required by NFA, in the form and manner prescribed by NFA.