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Derivatives

12 September 2018
Donna M Parisi NFA adopts disclosure requirements for members engaging in virtual currency activities

USA - Shearman & Sterling LLP

The National Futures Association (NFA) recently adopted an interpretive notice that requires futures commission merchants, introducing brokers, commodity pool operators and commodity trading advisers to disclose to customers certain potential risks involved when dealing with virtual currencies and virtual currency derivatives. The notice reflects the NFA's concern that, among other things, customers may not fully understand the nature of these products or the losses that could be sustained.

Authors: Donna M Parisi, Geoffrey B Goldman, Azam H Aziz, Jennifer Oosterbaan
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Recent updates

Donna M Parisi CFTC proposes amendments to margin segregation requirements for swap dealers and major swap participants

USA - Shearman & Sterling LLP

Authors: Donna M Parisi, Geoffrey B Goldman, Azam H Aziz, Jennifer Oosterbaan

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