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NFA Updates Guidance on Forex Transactions

The NFA notified member firms of an update to its guidance on foreign exchange ("forex") transactions. In a publication titled "Forex Transactions: A Regulatory Guide," the NFA updated (i) technical amendments to NFA Bylaw 1507 definitions and NFA requirements in order to conform them to the definitions in CEA Section 1a, and (ii) added certain language relating to minimum security deposit requirements.

Primary Sources

  1. NFA Guidance on Forex Transactions, with December 2016 Revisions

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Tags

Regulated Entities
FCMs and IBs, Floor Brokers
Regulated Products
Currency / FX
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
NFA