Housekeeping, Reminders and Updates–Sept 2015

NATIONAL FUTURES ASSOCIATION Effective Date of New Requirements for Forex Dealer Members (“FDMs”) The NFA announced the effective date of the new capital and compliance requirements for FDMs after the Commodity Futures Trading Commission (“CFTC”) approved the NFA’s amendments to NFA Financial Requirements Section 11, NFA Financial Requirements Section 12 and NFA Compliance Rule 2-36. The CFTC’s approval of changes to Rule 2-36 also included the interpretive notice titled NFA Compliance Rule 2-36: Risk Management Program for Forex Dealer Members. As of January 4, 2016, FDMs must comply with the new financial and compliance requirements. NFA Financial Requirements Section 11…

The full article is available to active NIBA members only.

Please login or sign up to read the rest.
Log In Register