CFTC Issues No-Action Letter Regarding Introducing Brokers’ Compliance with Certain Financial Reporting

Orrick - Finance 20/20
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On December 23, CFTC issued a no-action letter that provides relief for certain Introducing Brokers (IBs) from certain financial reporting and capital computation requirements. Part of the no-action relief is time-limited to newly registered IBs for the fiscal years ending on or before December 31, 2013. Release. Letter.

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