The NFA’s new swaps proficiency requirements (SPR or the Requirements) recently took effect. As a result, associated persons of NFA firms that engage in CFTC‑regulated swaps activities, along with their supervisors, have less than a year to take and pass the Requirements. A recent NFA program provided a comprehensive overview of the Requirements, including their applicability, the two available training tracks, the process for completing the Requirements and how to navigate the NFA’s online SPR system. Christie Hillsman, NFA manager, moderated the discussion, which featured Sudhir Jain, NFA director; Jennifer Sunu, NFA compliance director; and Don Thompson, NFA board and executive committee member. Other NFA personnel also contributed to the presentation. This article highlights the key takeaways from the program. For coverage of other NFA rulemaking activity, see “NFA Notice Requires CPOs to Implement Internal Controls Systems” (Feb. 28, 2019); and “NFA Mandates New Disclosures on Certain Virtual Currency Activities” (Sep. 20, 2018).