Amendments to NFA Financial Requirements for Forex Dealer Members

NFA

Amendments to NFA Financial Requirements Sections 11(b), 14(c) and (d), and the related Interpretive Notice to become effective February 1, 2011.

NFA Financial Requirements Section 11(b) and (c) inter alia prohibit a Forex Dealer Member (FDM) from including assets as current for purposes of determining adjusted net capital and from using those assets to cover currency positions if the assets are held at an affiliate or an unregulated person. An unregulated person is defined by the rule to include any entity except those specifically excluded.

Document Number

Notice to Members I-11-03

Date

January 18, 2011

Cross References (links may require a Cabinet subscription)

NFA Financial Requirements Sections 11(b), 14(c) and (d)