Ask the NFA

Q: What is needed (checklist, step by step, guide, etc) to setup a non-trading 4.7 exempt CTA for a stand alone entity? A: “Selecting and Recommending CTAs – A Recommending CTA is one who recommends various trading advisors to clients (e.g., individuals, other CTAs or CPOs) but does not have any other authority regarding these trading CTAs.  The recommending CTA is…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

NIBA/DePaul Event Video Recap

Thank you again to DePaul University and to the speakers at the NIBA/DePaul co-sponsored event in Chicago. Nearly one hundred NIBA members heard sessions on meeting the challenges of marketing managed futures and updates on cybersecurity compliance before joining colleagues at a cocktail reception on the University Terrace. NIBA is in the second year of our academic partnership with DePaul…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

NFA BYLAW 1101: APPLICATION OF NFA BYLAW 1101 IN VARIOUS COMMON SCENARIOS

NFA BYLAW 1101: APPLICATION OF NFA BYLAW 1101 IN VARIOUS COMMON SCENARIOS If you are member of the National Futures Association (“NFA”), you have probably heard that you are required to abide by NFA’s Bylaw 1101 (“Bylaw 1101”) due diligence obligations in connection with the operation of your firm.  Bylaw 1101 prohibits NFA Members (“Members”) from conducting business with or…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

The Vanishing FCM

The “vanishing FCM” has recently become a hot topic. CFTC Commissioner Giancarlo gave a speech to the Market Risk Advisory Committee in June 2015, where he pointed out the dwindling number of FCMs and the concentration of customer assets in the top 5 FCMs. Reuters followed up with an article and Walt Lukken of the FIA gave an interview to…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

HOUSEKEEPING, REMINDERS AND UPDATES JULY 2015

Commodity Futures Trading Commission Commodity Trading Advisors On July 23, 2015 the Commodity Futures Trading Commission’s (“CFTC”) Division of Swap Dealer and Intermediary Oversight (“DSIO”) issued press release PR7202-15 announcing the issuance of a letter that exempts certain registered commodity trading advisors (“CTAs”) will be exempted from filing Form CTA-PR. Specifically, the letter exempts CTAs that are registered but do…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

Ask the NFA

As your industry advocate, the NIBA provides many services which help your business stay in compliance with NFA regulations. “Ask the NFA,” is the way you can ask questions about those regulations and compliance requirements without having to call NFA directly. Just email us at [email protected] and we will get the answers for you. Please keep in mind the purpose…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

FinCEN issues an advisory on the FATF-identified jurisdictions with AML/CFT deficiencies

Notice to Members I-15-18 On July 20, 2015, the Financial Crimes Enforcement Network (FinCEN) issued an advisory announcing that the Financial Action Task Force (FATF) had updated its list of jurisdictions with strategic AML/CFT deficiencies. NFA Member FCMs and IBs should review this advisory to ensure that their AML programs have the most current information on FATF-identified jurisdictions with AML/CFT…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

Secrets from Inside the NFA

Until recently I was working as a field auditor with the National Futures Association (“NFA”). During my time at NFA, the self-regulator was enduring a great deal of criticism. After the failures of MF Global and PFG calls for the heads of NFA’s leadership were coming in at a frenetic pace.  While this period was no doubt painful for NFA…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

Get to Know the Regulator: CFTC Division of Swap Dealer and Intermediary Oversight

Who is in charge of the Division of Swap Dealer and Intermediary Oversight: DSIO is run by a Director, who is assisted by the DSIO Deputy Directors and Chief Counsel. Tom Smith is the Acting Director, and the Deputies and their respective branches are as follows:  Mr. Smith, who also serves as Deputy Director of Capital, Margin and Segregation; Erik…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

Housekeeping, Reminders & Updates

Securities and Exchange Commission SEC Proposed Modernizing and Enhancing Information Disclosed and Reported by RICs and RIAs The Commissioners of the Securities and Exchange Commission (“SEC”) unanimously approved two (2) rules which would require enhanced disclosures and increased reporting by registered investment companies (“RICs”) and registered investment advisers (“RIAs”), as well as RIAs’ maintenance of additional performance-related records. RIAs are…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register