On March 4, National Futures Association (NFA) published a Notice to Members with information regarding the Coronavirus. In the notice, NFA acknowledged that Members may be concerned about their ability to meet Commodity Futures Trading Commission (CFTC) and NFA regulatory requirements in light of the potential impact of the Coronavirus. If regulatory relief is necessary, NFA and CFTC staff intend to take a practical approach to offer Members flexibility in implementing contingency plans required to continue business operations.

In addition, NFA encouraged its Members to review and update their business continuity plans to address the potential impact of a pandemic on their businesses and key relationships (such as those with clearing firms, telecommunications networks, third party providers, internal departments, mail or email services and utilities). NFA also requested that Members consider instituting employee trainings to address remote working arrangements.

NFA requested that Members keep NFA apprised of particular concerns or needs for regulatory relief as the Coronavirus situation develops. NFA contact information and more details are available in Notice I-20-10.