ARTICLE
4 February 2022

NFA Extends Relief From On-Site Inspection Requirement Through 2022

CW
Cadwalader, Wickersham & Taft LLP

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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 extended relief through the end of 2022 from the requirement to conduct on-site annual inspections of branch offices and guaranteed introducing brokers.
United States Corporate/Commercial Law

NFA extended relief through the end of 2022 from the requirement to conduct on-site annual inspections of branch offices and guaranteed introducing brokers. Firms may conduct these examinations remotely.

In a notice to its members, NFA clarified that a member who conducts a remote examination in 2021 is still eligible to conduct a remote examination in 2022 if "its risk assessment indicates it is appropriate to do so."

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