NFA Proposes Amendments to NFA Registration Rules 203 and 210 Regarding Disciplinary Disclosures

The National Futures Association ("NFA") filed with the CFTC its proposed rule amendments to NFA Rule 203 ("Registration Fees") and Rule 210 ("Deficiencies, Inaccuracies and Changes to Application Information Must Be Reported") regarding late disciplinary disclosure fees. The NFA proposes to add a $1,000 fee for nondisclosure of disciplinary history matters on Forms 7-R, 3-R and 8-R to Rule 203. The proposed amendments to Rule 210 specify that an FCM, RFED, SD, MSP, IB, CPO, LTM or FT shall pay the nondisclosure fee.

The NFA stated that it is invoking the ten-day provision and will make the proposed amendments effective on April 30, 2014.

See: NFA Proposed Rule.