NFA urged members to prepare for the potential impact of the coronavirus on businesses and review their business continuity plans ("BCPs").
NFA encouraged members to address the coronavirus by:
ensuring that their BCPs include (i) measures designed to handle coronavirus-associated risks and (ii) current listings for key employees, with their respective contact information; and
identifying key business relationships with third parties and the risks the coronavirus poses to these relationships.
In addition, NFA encouraged members to notify the association if they are in need of regulatory relief. NFA said that if regulatory relief becomes necessary, NFA and the CFTC, "intend to take a practical approach that will give Members appropriate flexibility in implementing contingency plans needed to continue to conduct business."