“A reliable SRO has been critical to the success of the CFTC and SEC for decades. Both the NFA, in the case of the CFTC, and FINRA, in the case of the SEC, have served as effective partners for both agencies, complementing and supporting the missions of each.”
INTERNATIONAL ACTIVITIES For decades, NFA has been actively involved with IOSCO through the AMCC. IOSCO is a global regulatory standard-setting body for the derivatives and securities markets, and the AMCC is composed of nearly 70 members representing SROs, clearing organizations and investor protection and compensation funds from over 30 jurisdictions. During the past year, IOSCO addressed topics including market fragmentation, fintech, sustainable finance, financial stability, retail customer participation, cybersecurity, investor protection and emerging risks, among others. NFA’s frequent interactions with regulatory bodies outside the U.S. have helped NFA oversee its non-U.S. Members.
Rostin Behnam Former CFTC Chairman
To learn about the complementary public- private framework the CFTC and NFA use to effectively oversee the derivatives industry, read the A Successful Partnership—The CFTC at 50 Years article on page page 4 .
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