ARTICLE
14 November 2019

NFA Reminds Firms To Designate "Swaps Proficiency Requirements Administrator"

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
NFA reminded members to designate an administrator to coordinate enrollment and track compliance with Swaps Proficiency Requirements ("SPR").
United States Finance and Banking

NFA reminded members to designate an administrator to coordinate enrollment and track compliance with Swaps Proficiency Requirements ("SPR"). NFA will make the SPR accessible online on January 31, 2020. NFA said that designations can be done online and that SPR Administrator Forms are available on NFA's website. Each NFA member with personnel required to take the examination must have at least one such administrator.

NFA also announced that it will host webinars on November 7 and December 10, 2019 to help administrators prepare for the new requirements.

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