Housekeeping, Reminders and Updates

NATIONAL FUTURES ASSOCIATION Commodity Pool Operators The National Futures Association (“NFA”) has modified the EasyFile system for the annual pool financial statements submitted by commodity pool operators (“CPOs”). The NFA announced the changes to the annual pool financial statements in the February 10th Notice to Members, Notice I-15-09. Changes to the annual pool financial statements are effective for financial statements…...

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–Jan 2015

NATIONAL FUTURES ASSOCIATION On January 15, 2015 the National Futures Association (“NFA”) released Notice to Members I-15-02 (“Notice”) regarding commodity pool operators (“CPOs”) and commodity trading advisers (“CTAs”) exempt from registration and their obligations under NFA Bylaw 1101 and Compliance Rule 2-36(d). Members operating pursuant to an exemption are required to annually affirm the applicable notice of exemption. The Notice…...

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–Dec 2014

Notice I-14-33 On December 1st, the NFA released Notice to Members I-14-33 regarding the CFTC’s recent approval on the NFA’s Interpretive Notice entitled “NFA Compliance Rules 2-4 and 2-36: Prohibition on the Use of Certain Electronic Funding Mechanisms.” Effective January 31, 2015, the Interpretative Notice prohibits NFA Members from permitting customers to fund their futures and forex accounts with the…...

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

INTRODUCING BROKERS An October 31, 2014, Notice to Members, Notice I-14-27, announced that all introducing brokers (“IBs”) financial reports are now required to be filed electronically, this includes the annual certified reports. This is a result of the National Futures Association’s (“NFA”) amendment to Section 5 of the NFA Manual. Section 5 outlines the financial requirements for Member IBs. The…...

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

July Housekeeping Items

Upcoming IB Filings: 1-FRs for IBs are due 7/24/2014 for the 6/30/14 filing.  That is 2 days from today (Tuesday July 22)  Please be sure to file this prior to the deadline as there is now a $1,000 per day fine for a late filing Upcoming CTA Filings: In 2013, the NFA amended Compliance Rule 2-46 to impose a quarterly…...

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

NFA Registration Update Effective June 1, 2014, NFA imposed a $1,000.00 late disclosure filing fee for members who fail to disclose or updateregistration records involving prior and/or current disciplinary matters. All disciplinary matters involving members and APs are considered properly disclosed if registrations are updated prior to NFA discovering them.  Non-disclosure of disciplinary actions will result in the $1000.00 fine.…...

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

CFTC Expedited No-Action Relief for CPO Delegation On May 12, 2014, the CFTC issued registration no-action relief on an expedited basis for CPOs who delegate certain activities to a registered CPO.  Under this streamlined approach, the delegating CPO must represent in its request letter that it satisfies the applicable criteria.  Such criteria includes, in part, representations that the delegating CPO:…...

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