NFA Announces Rule Changes

Last week the National Futures Association (NFA) announced several amendments to existing rules. The changes involve risk disclosure statements for Securities Futures contracts; registration requirements for Futures Commission Merchants (FCMs) and Forex Dealer Merchants (FDMs), procedures and fees and risk management reporting requirements for registered entities.

The risk management reporting requirements involve additional information futures commission merchants and forex dealer merchants must provide the NFA; the risk disclosure statements for Securities Futures products was requested by OneChicago to address a new product with different settlement procedures and the registration changes involve technical changes and fees. The Rule amendments, which were announced Dec. 5, (linked below)  will go into effect 10 days after receipt by the Commodity Futures Trading Commission unless the CFTC seeks further clarification or changes.

 

National Futures Association: Risk Disclosure Statement for Securities Futures Contracts - Proposed Amendments to NFA's Interpretive Notice Entitled Compliance Rule 2-30(b): Risk Disclosure Statement for Securities Futures Contracts

Risk Disclosure Statement for Securities Futures Contracts

National Futures Association: Registration Requirements, Procedures and Fees - Proposed Technical Amendments to NFA Registration Rule 201 Regarding Registration Requirements and Procedures and NFA Registration Rule 203 Regarding Registration Fees

Registration Requirements, Procedures and Fees

National Futures Association: FCM and FDM Risk Management Reporting Requirements - Proposed Amendments to NFA Financial Requirements Section 8 Regarding Information Requests

FCM and FDM Risk Management Reporting

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