NFA

NFA Amends CPO and CTA Quarterly Reporting Requirements

by Blake Brockway, Kevin M. Foley, Christian Hennion | Katten Muchin Rosenman LLP on 4/30/2013

On April 24, the National Futures Association (NFA) issued a notice to members regarding amendments to NFA Compliance Rule 2-46. The amended rule modifies the NFA’s quarterly pool reporting requirements and extends related...more

Corporate and Financial Weekly Digest - April 26, 2013

by Katten Muchin Rosenman LLP on 4/29/2013

In this issue: - NFA Amends CPO and CTA Quarterly Reporting Requirements - SDNY Imposes Second Highest Penalty Under Foreign Corrupt Practices Act - Grand Jury Indicts Swiss Lawyer and Banker in Tax...more

NFA Amends FCM Capital Requirements for Forex Transactions with ECPs

by James M. Brady, Kevin M. Foley | Katten Muchin Rosenman LLP on 4/26/2013

The National Futures Association (NFA) has amended the financial requirements applicable to member futures commission merchants (FCMs) acting as counterparties in foreign exchange (forex) transactions...more

Corporate and Financial Weekly Digest - April 19, 2013

by Katten Muchin Rosenman LLP on 4/22/2013

In this issue: - FINRA and ISG Extend Effective Date for Certain Electronic Blue Sheet Data Elements - NFA Amends FCM Capital Requirements for Forex Transactions with ECPs - Delaware Supreme Court Upholds...more

NFA Issues Reminder of FCM Responsibility for Review of Guaranteed IB Promotional Materials

by Kenneth M. Rosenzweig, Adam J. Spector | Katten Muchin Rosenman LLP on 4/3/2013

In response to an increase in the volume of promotional material being submitted by guaranteed introducing brokers (GIBs) to the National Futures Association (NFA) through its Pre-review Program (a free service offered by the...more

NFA Chairman Chris Hehmeyer Talks Bankruptcy Reform [Video]

by MarketsReformWiki on 4/2/2013

One of the issues that emerged from the MF Global collapse was the complex and often frustrating US bankruptcy process. In the case of MF Global, futures customers’ claims were lumped in with other creditors. As such, it took...more

Corporate and Financial Weekly Digest - March 29, 2013

by Katten Muchin Rosenman LLP on 4/1/2013

In this issue: - Proposed Change to FINRA Rule Regarding Release of Disciplinary Complaints, Decisions and Other Information - SEC Approves on an Accelerated Basis FINRA Rule Change Relating to Margin...more

FCMs Required to Have Chief Compliance Officer by March 29

by Blake Brockway, Kenneth M. Rosenzweig, Adam J. Spector | Katten Muchin Rosenman LLP on 3/20/2013

Commodity Futures Trading Commission Regulation 3.3, which requires each futures commission merchant (FCM) to designate a chief compliance officer (CCO), will become effective on March 29, 2013 in respect of FCMs that are not...more

NFA Proposes Amendment Permitting Certain Loans by Commodity Pools to Related Entities

by Blake Brockway, Christian Hennion, Kenneth M. Rosenzweig | Katten Muchin Rosenman LLP on 3/13/2013

On March 4, the National Futures Association (NFA) issued a proposed rule change and interpretive notice that would allow commodity pools to provide certain loans to related commodity pool operators (CPOs) and other...more

Corporate and Financial Weekly Digest - March 8, 2013

by Katten Muchin Rosenman LLP on 3/11/2013

In this issue: - SEC Seeks Information to Assess Standards of Conduct and Other Obligations of Broker-Dealers and Investment Advisers - Frequently Asked Questions About Legal Entity Identifiers - CFTC...more

Confirmations: NFA and CME’s Financial Match.com [Video]

by MarketsReformWiki on 3/6/2013

Watch the Restoring Customer Confidence video series: http://jlne.ws/TJeVtG About this solution: The fraud at Peregrine Financial Group was uncovered in July 2012 by the National Futures Association (NFA) which used an...more

401(k) Plans—Potential Commodity Pool Issues in the United States

by Susan M. Camillo, Andrew L. Oringer, M. Holland West | Dechert LLP on 2/28/2013

Under the rules of the Commodity Futures Trading Commission (“CFTC”), certain collective investment vehicles and other entities that, directly or indirectly, invest in “commodity interests” may be “commodity pools” whose...more

NFA Registers Cargill As Swap Dealer

by Elan Mendel | Shipkevich PLLC on 2/25/2013

The National Futures Assocation (NFA) announced yesterday that Cargill Inc is the first major non-financial entity to be registered as a swap dealer. Cargill operates in a range of commodity markets and is based out of...more

CFTC 4.13(a)(3) Annual Affirmations Due by March 1st

by Jeffrey D. Collins, Meredith Haviland, Diana W. Lo | Foley Hoag LLP on 2/25/2013

As a reminder, fund managers relying on the exemption from registration with the U.S. Commodity Futures Trading Commission (the "CFTC") set forth in Rule 4.13(a)(3), commonly referred to as the “de minimis exemption,” must...more

NFA to Require CPOs to Identify Registered Investment Companies

by Kevin M. Foley, Kenneth M. Rosenzweig, Adam J. Spector | Katten Muchin Rosenman LLP on 2/6/2013

The National Futures Association (NFA) has notified its members that it will require each member of the NFA that is registered as a commodity pool operator (CPO) and operates one or more commodity pools that are also...more

NFA Sets Implementation Deadline for Phase 1 of Customer Segregated Funds Reporting

by Kevin M. Foley, Kenneth M. Rosenzweig, Adam J. Spector | Katten Muchin Rosenman LLP on 2/6/2013

The National Futures Association (NFA) recently amended Section 4 of its Financial Requirements to require futures commission merchants (FCMs) that hold customer funds to in turn require banks and trust companies holding such...more

Corporate and Financial Weekly Digest - February 1, 2013

by Katten Muchin Rosenman LLP on 2/4/2013

In this issue: - SEC Extends Expiration Date for Interim Final Rules Providing Exemptions for Security-Based Swaps - NFA Sets Implementation Deadline for Phase 1 of Customer Segregated Funds Reporting - CFTC to...more

NFA Issues Notice Regarding CTA Reporting Requirements

by James M. Brady, Kevin M. Foley | Katten Muchin Rosenman LLP on 1/31/2013

National Futures Association (NFA) issued a notice to members relating to reporting requirements for commodity trading advisors (CTAs)...more

The National Futures Association (NFA) Introduces New Board Members

by Elan Mendel | Shipkevich PLLC on 1/23/2013

The National Futures Association (NFA), the self-regulating body of the futures industry, has announced new board members resulting from “contested” elections. The list of members of the NFA Board of Directors is as...more

CFTC Issues No-Action Letters

by James M. Brady, Blake Brockway, Kenneth M. Rosenzweig | Katten Muchin Rosenman LLP on 1/10/2013

Staff of the Commodity Futures Trading Commission released a series of letters relating to a variety of regulatory changes, including the extraterritorial application of certain CFTC requirements, registration relief, swap...more

NFA Issues Guidance on Bylaw 1101 Compliance for Pending Introducing Brokers

by James M. Brady, Blake Brockway, Kenneth M. Rosenzweig | Katten Muchin Rosenman LLP on 1/9/2013

On December 27, National Futures Association issued guidance for NFA members carrying accounts, accepting orders or handling transactions from an introducing broker (IB) whose NFA membership is pending in reliance upon...more

NFA Seeks More Time From CFTC On Regulation Of…NFA

by Felix Shipkevich | Shipkevich PLLC on 1/8/2013

Today the NFA wrote a letter to the CFTC requesting more time to comment on pending regulation. This time, though, the regulation directly affects NFA. Specifically, the NFA wants to extend the deadline of the rulemaking...more

Corporate and Financial Weekly Digest - January 4, 2013

by Katten Muchin Rosenman LLP on 1/7/2013

In this issue: - CII Submits Rule 10b5-1 Rulemaking Petition to the SEC - ISS Publishes Updated FAQs for its Proxy Voting Policies - CFTC Issues Final Order on Cross-Border Swaps - CFTC Issues No-Action...more

NFA Provides Bylaw 1101 Guidance to Commodity Pool Operators of Investment Companies

by Kathleen H. Moriarty, Peter J. Shea, Gregory E. Xethalis | Katten Muchin Rosenman LLP on 12/29/2012

Under amended Commodity Futures Trading Commission Regulation 4.5, registered investment advisers (RIAs) to registered investment companies engaging in more than minimal commodity trading activities will be required to...more

Exemption from NFA Assessment Fee for Proprietary Trading Firms that Register as CPOs

by James M. Brady, Kevin M. Foley, Kenneth M. Rosenzweig | Katten Muchin Rosenman LLP on 12/28/2012

The National Futures Association (NFA) has issued a notice temporarily exempting certain proprietary trading firms that may be required to be registered as commodity pool operators (CPOs) as of December 31, 2012, from the...more

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NFA Amends CPO and CTA Quarterly Reporting Requirements

Corporate and Financial Weekly Digest - April 26, 2013

NFA Amends FCM Capital Requirements for Forex Transactions with ECPs

Corporate and Financial Weekly Digest - April 19, 2013

NFA Issues Reminder of FCM Responsibility for Review of Guaranteed IB Promotional Materials

NFA Chairman Chris Hehmeyer Talks Bankruptcy Reform [Video]

Corporate and Financial Weekly Digest - March 29, 2013

FCMs Required to Have Chief Compliance Officer by March 29

NFA Proposes Amendment Permitting Certain Loans by Commodity Pools to Related Entities

Corporate and Financial Weekly Digest - March 8, 2013

Confirmations: NFA and CME’s Financial Match.com [Video]

401(k) Plans—Potential Commodity Pool Issues in the United States

NFA Registers Cargill As Swap Dealer

CFTC 4.13(a)(3) Annual Affirmations Due by March 1st

NFA to Require CPOs to Identify Registered Investment Companies

NFA Sets Implementation Deadline for Phase 1 of Customer Segregated Funds Reporting

Corporate and Financial Weekly Digest - February 1, 2013

NFA Issues Notice Regarding CTA Reporting Requirements

The National Futures Association (NFA) Introduces New Board Members

CFTC Issues No-Action Letters

NFA Issues Guidance on Bylaw 1101 Compliance for Pending Introducing Brokers

NFA Seeks More Time From CFTC On Regulation Of…NFA

Corporate and Financial Weekly Digest - January 4, 2013

NFA Provides Bylaw 1101 Guidance to Commodity Pool Operators of Investment Companies

Exemption from NFA Assessment Fee for Proprietary Trading Firms that Register as CPOs

NFA Chairman Chris Hehmeyer Talks Bankruptcy Reform [Video]

Confirmations: NFA and CME’s Financial Match.com [Video]

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