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The CFTC Division of Swap Dealer and Intermediary Oversight ("DSIO") extended relief from July 23, 2020 to September 30, 2020 to principals and associated persons from rules requiring a fingerprint card when registering with the Commission.
As previously covered, the DSIO granted temporary relief to associated persons under CFTC Rule 3.10 ("Principal Registrations") and Rule 3.12 ("Associated Person Registrations"). The relief is conditional upon the sponsoring firm completing a criminal background check that does not reveal any matters that would subject the applicant to statutory disqualification under Sections 8a(2) and 8a(3) of the Commodity Exchange Act. Upon NFA's announcement that it has resumed processing, applicants will have 30 days to submit their fingerprints.
Primary Sources
CFTC No-Action Letter 20-20: Time Extension for
No-Action Position in Response to the COVID-19 Pandemic for Persons
Required to Submit Fingerprints in Connection with Applying for
Registration as an Associated Person...- CFTC Press Release: CFTC Extends Targeted Relief to Market Participants in Response to COVID-19
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