The NFA has implemented requirements that all swap associated persons take and pass a swap proficiency examination by January 31, 2021.

Key Points:

..As of January 31, 2021, all swap associated persons will need to take and pass the NFA’s swap proficiency examination.

..There is no grandfathering provision for currently approved swap associated persons, who must also take and pass the NFA’s swap proficiency examination by January 31, 2021 to remain approved swap associated persons.