The Law & Compliance Division monitors legal and regulatory developments affecting the futures and derivatives industry, assisting FIA in providing information to help relevant regulators and courts make decisions that affect the futures exchanges community. The Division discusses issues with U.S. and International regulators and exchanges and prepares comment letters, position papers, and court briefs when appropriate.
Division members address industry issues through conferences, meetings and monthly luncheons in Chicago and New York. Each spring the Division sponsors a three-day premier conference – the “Law & Compliance Division Conference on the Regulation of Futures, Derivatives, and OTC Products” – which attracts more than 800 industry participants to discuss current legal and compliance issues and network with their colleagues. To join or renew your Law & Compliance membership, please login here and select Join/Renew on the following screen. For questions please contact Beth Thompson at bthompson@fia.org or 202-466-5460.
Committees & Working Groups
Below is a list of FIA Law & Compliance committees. If you would like to participate in one or more of these committees please contact Beth Thompson at bthompson@fia.org.
Anti-Money Laundering
Implementation of FinCEN AML and Customer Due Diligence Rules
Audit Trail Committee
CFTC and Exchange Audit Trail and Recordkeeping Requirements
Canadian Issues (FCM Only)
Non-Canadian Foreign Dealer Registration Requirements and Canadian Customer Collateral Rules
CFTC Rule 1.31 Recordkeeping Requirements
Comments on CFTC Rule 1.31 Recordkeeping Proposal
Chief Compliance Officer Standing Committee (FCM Only)
Legal and Compliance Issues for CCOs of FCMs and Swap Dealers
Commodities
Regulatory and Compliance Issues relating to Metals, Energy and Agriculture
Department of Labor Fiduciary Rule Implementation (FCM Only)
Updates to FCM disclosures to account for Fiduciary Rule
EU Indirect Clearing (FCM Only)
EMIR and MiFIR Indirect Clearing Rules
Financial Reform
Recommends improvements and structural reform to federal financial regulations
Give Up Agreements (FCM Only)
Review and Update of FIA Standard Customer Give-Up Agreements
IRS 871(m)
Assist with Implementation of Rule 871(m) by FCMs
Joint Audit Committee 14-03 (FCM Only)
Customer Account Margin Policies
Law & Compliance Update
Monthly Report of L&C Activities
Netting Opinions (FCM Only)
Netting Opinions in Primary Jurisdictions Where FCMs Operate and Periodic Updates to Opinions
Ownership & Control Reporting (FCM Only)
Implementation of CFTC’s OCR Rules
Position Limits
CFTC and Exchange Position Limits Rules
Regulation Automated Trading
Comments on CFTC RegAT Proposal
Risk Disclosure Booklet Refresh
Review and Update of FIA Standard Customer Risk Disclosures
