The NIBA conference was kicked off with the NFA Reps Panel led by Rodney Dow. Mike Burke and Paul Georgy, current IB reps to the NFA Board as well as James Koutoulas and John Roe, current CTA reps to the NFA Board participated in the panel.
The panel started with a lively discussion about the proposed NFA Interpretive notice related to cyber security. Additional topics covered were the NFA process involved in created the interpretive notice as related to cyber security, CTA capital requirements as well as the functions of the NFA board and the workings of the various NFA committees.
Mike Burke announced, per his suggestion, an electronic voting process will be implemented by the NFA, hopefully before the upcoming election. That will lead to adjustments in the election process where each firm will designate a representative who will be allowed to vote electronically as well as participate in petitions for NFA reps and elections. Additional discussions were had related to the reduction of the NFA board positions and the upcoming elections. All current panel members are required to seek re-election due to the reduction of the NFA board positions.
All panel members indicated should an NIBA or any other NFA member have an issue they would like brought up or discussed at NFA, questions, comments, concerns etc, to please feel free to reach out to the appropriate panelist and representative and they will be happy to discuss your particular issue and raise it within NFA.
