Effective immediately, the National Futures Association is ending its requirement that an applicant for swap dealer registration must submit a copy of all of its policies and procedures evidencing compliance with each obligation of a swap dealer under applicable law and CFTC rule (click here to access a list of such obligations). Instead, applicants will only need to submit an attestation that it has adopted policies and procedures or other appropriate documentation reasonably designed to comply with CFTC requirements. (An applicant will continue to be required to submit certain documents related to its risk management program.) NFA intends to review relevant policies and procedures as part of examinations and other regulatory oversight processes.