NFA Offers Guidance on CFTC’s Final Forex Regulations

Notice to Members I-10-21 October 13, 2010 NFA offers guidance on CFTC’s final forex regulations The Commodity Futures Trading Commission’s (CFTC) final Forex regulations are effective on October 18, 2010. NFA staff has received a number of inquiries from Members seeking further guidance and clarification on certain requirements. Based on further consultation with CFTC staff on Friday, October 8th, this Notice provides additional guidance on the following areas: Risk Disclosure Statement Required by CFTC Regulation 5.5 CFTC Regulation 5.5 prohibits FCMs, RFEDs, and in the case of an introduced account, IBs from opening a retail Forex account until the FCM,…

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