Benchmark: CFTC Proposed Amendments: Business Conduct and Swap Documentation for Swap Dealers and Major Swap Participants

Take this benchmark to assess how much you would benefit from taking the course on the CFTC’s proposed revisions to business conduct and swap documentation requirements for swap dealers and major swap participants. In a few minutes, you’ll see whether you understand why the CFTC is shifting away from certain prescriptive disclosures, how exceptions for cleared and prime-brokered swaps really work, and what changes will matter most for your operations, counterparty relationships, and risk controls.

What you’ll get from this benchmark:
– A snapshot of how well you grasp the proposal’s intent (efficiency vs. protection), the practical trade-offs (speed vs. documentation, harmonization vs. flexibility), and who is most affected (cleared markets, Special Entities, PB clients).
– Signals of where you may need depth: daily mark alignment, ITBC and A-ITBC conditions, suitability and Special Entity exceptions, and documentation impacts.
– A clearer view of implementation readiness: mapping no‑action relief to codified rules, tightening records and acknowledgments for PB flows, and avoiding misapplication of exceptions.

If these prompts feel tough or raise “it depends” questions, the course will help you connect policy intent to desk-level workflows, reduce compliance friction, and prepare for comment letters and eventual implementation. If they feel easy, the course can still sharpen your playbook with practical examples, edge cases, and coordination tips across legal, compliance, trading, and operations.