The National Futures Association reminded all swap dealers that, beginning January 31, 2018 (as of December 29, 2017), they must file monthly risk data reports with it. These reports must include specific risk metrics enumerated by NFA. Separately, NFA submitted a proposed guidance to the Commodity Futures Trading Commission for its approval that would obligate SDs to electronically notify it of a reportable swap valuation dispute in excess of US $20 million by completing an NFA form with specific information. NFA has been receiving notices of reportable swap valuation disputes from SDs since March 2016; however it believes receipt of standardized notices with specified information will be more useful.