Expert Advice on Newly Effective NFA Cybersecurity Requirements for Market Participants

How will the National Futures Association’s new Interpretive Notice on cybersecurity (effective March 1, 2016) change data and electronic system security requirements for NFA members? The NFA recently held a Cybersecurity Workshop featuring a number of senior NFA personnel and industry experts to discuss the particulars of the Notice and provide insight into what NFA examiners will be looking for when they conduct member examinations. The program, which was moderated by NFA director Amy McCormick, included NFA directors Shuna Awong, Patricia Cushing and Dale Spoljaric, as well as industry participants Patricia Donahue, senior vice president and chief compliance officer at Rosenthal Collins Group LLC; Buddy Doyle, founder and CEO of Oyster Consulting; and Peter Salmon, a senior director at the Investment Company Institute. See also “New NFA Notice Provides Cybersecurity Guidance to Futures and Derivatives Market” (Nov. 11, 2015).

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