REGULATORY COOPERATION
In October 2024, the CFTC’s Division of Clearing and Risk hosted a roundtable to gather information and receive expert input on digital assets and market structure. Key NFA staff participated in the roundtable and provided NFA’s perspective to a panel of regulators, market participants and public interest groups, including FIA, ISDA, MFA and SIFMA. The roundtable covered topics relating to the custody and delivery of digital assets, digital assets and margin, fully collateralized products, 24/7 trading, disintermediated trading and potential conflicts of interest within vertically integrated entities. Engaging in these discussions allows NFA to gain valuable insight from other industry organizations and contribute to a coordinated approach to emerging regulatory trends.
Strengthening relationships with regulators globally is also vital to NFA’s continued success. NFA’s relationships with these regulators offer staff the unique opportunity to participate in international events, where they educate those in other jurisdictions about NFA’s regulatory mission and the important role of SROs. In November 2024, NFA participated in FIA’s Asia Derivatives Conference in Singapore to discuss regulatory developments shaping the industry and collaborate with international regulatory leaders. Michael Otten, Senior Vice President, Head of Member Oversight, and Dale Spoljaric, Vice President, Head of Member Compliance, Capital and Margin, attended both the conference and an accompanying event hosted by the CFTC and MAS: SRO Day. During this event, regulators, exchanges and SROs from around the world engaged in dialogue, shared insights and discussed the challenges and opportunities presented by today’s fast-evolving self-regulatory landscape. NFA also discussed with these global organizations the collective strengths and achievements of self-regulation.
Carol Wooding participates in the CFTC roundtable.
16 NFA 2025 ANNUAL REVIEW
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