Major Swap Participant (MSP)

In 2012 the CFTC delegated the registration of Major Swap Participants and Swap Dealers to the National Futures Association (“NFA”).  See 77 FR 2708 (Jan. 19, 2012).  Currently, there are no registered Major Swap Participants.  However, the registration process for Major Swap Participants is similar to the Swap Dealer registration process.  For details regarding the registration of Major Swap Participants, please visit the NFA website link here:

In addition, Major Swap Participants can find other resources on the Market Participants Division (“MPD”) webpage, link here:

MPD resources include:

  • Advisories;
  • Guidance;
  • Staff No Action Letters;
  • Proposed Rules;
  • Final Rules;
  • Examination Priorities; and
  • Contact information regarding Senior Staff