A US Commodity Futures Trading Commission proposal to relax outside audits of derivatives industry self-policing groups doesn’t go far enough, a committee of self-regulatory organizations said.
The organizations called for less frequent audits of their examinations of futures brokers’ customer-fund safeguards.
The current time-frame for the audits is once every three years. The CFTC proposal would relax that to every five years.
CFTC plan to ease audits of industry exams doesn't go far enough, self-regulators say
11 September 2018 7:29am