National Futures Association ("NFA") reminded swap dealers of their obligation to report swap valuation disputes exceeding $20 million in value.
In particular, NFA said that all member swap dealers, including those relying on "substituted compliance" regarding CFTC Rule 23.502(c), must satisfy the filing requirements outlined in NFA's Interpretive Notice to Compliance Rule 2-49, which became effective on January 29, 2018.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
