[author: Kenneth M. Rosenzweig,
Blake J. Brockway]
On August 21, the National Futures Association proposed a rule requiring every member futures commission merchant (FCM) to provide its designated self-regulatory organization (DSRO) with view-only Internet access to account information for each of the FCM’s customer segregated funds and secured amount accounts. To remain an acceptable depository under the proposed rule, a bank or trust company must allow the FCM to provide its DSRO with view-only Internet access to customer segregated funds or secured amount accounts held at the bank or trust company.
The proposed rule is available here.
