NFA Issues Guidance on Affirmation Process for CPO and CTA Exemptions and Exclusions

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The National Futures Association (NFA) issued guidance on the annual affirmation requirement for persons operating under an exemption or exclusion from commodity pool operator (CPO) or commodity trading advisor (CTA) registration. Any person claiming such exemption or exclusion must annually affirm the applicable exemption or exclusion within 60 days of the end of each calendar year. Any person that does not affirm its applicable CPO or CTA exemption will be deemed to have requested to withdraw the exemption or exclusion. The affirmation process can be completed through NFA’s online exemption system. NFA will publish on its website a list of all entities that have affirmed their continued eligibility for exemption.

More information is available here.

Topics:  CPO, CTA, Exclusions, Exemptions, NFA

Published In: Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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