NFA Swaps Proficiency Requirements

NFA's Swaps Proficiency Requirements must be successfully completed by individuals registered as associated persons (AP) at futures commission merchants, introducing brokers, commodity pool operators and commodity trading advisors who engage in swaps activity subject to the CFTC's jurisdiction (swap designated APs) as well as individuals acting as APs at swap dealers. The Swaps Proficiency Requirements will become available online on January 31, 2020, and must be completed by the Compliance Date of January 31, 2021. Click here for instructions on accessing and completing the Swaps Proficiency Requirements.

If you are an NFA Swaps Proficiency Requirements Administrator, click here.

For additional details regarding NFA's swaps proficiency requirements, read NFA's March 5, 2019 Rule Submission Letter. If you need additional assistance, please contact NFA's Information Center.

Beginning January 31, 2020, the following reports will be available to authorized ORS users. If you cannot access the reports, beginning January 31, 2020 please contact your firm's Security Manager.

NFA Swaps Proficiency Requirements – Individual Status by Firm (available January 31, 2020)

This report, available to authorized ORS users, lists by firm the track and progress of APs who are enrolled in NFA's Swaps Proficiency Requirements. Authorized users can only access firms with which they are affiliated in ORS. Note: This report only contains individuals who used a firm's enrollment code to register for the proficiency requirements, were uploaded by a firm into NFA's Swaps Proficiency Requirements system, or are swap APs at intermediary firms who have completed the requirements.

NFA Swaps Proficiency Requirements – Completion Date by Individual (available January 31, 2020)

This report, available to authorized ORS users, allows a search of individuals who have completed NFA's Swaps Proficiency Requirements. The report includes name, the track completed and the completion date.