NFA Modifies Proposal Amending Swaps Compliance Rules

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The NFA modified proposed amendments to Compliance Rules and Interpretive Notices to cover transactions and counterparties relating to swaps, as well as other commodity interests (e.g., futures).

United States Finance and Banking

The NFA modified proposed amendments to Compliance Rules and Interpretive Notices to cover transactions and counterparties relating to swaps, as well as other commodity interests (e.g., futures). (See here for previous coverage.)

Specifically, the NFA withdrew its proposal to amend NFA Compliance Rule 3-1 ("Department of Compliance") that would have deleted that rule's limited purpose definition of commodity interest.

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