NFA Proposes Amending FCM Financial Practices Requirements

The National Futures Association ("NFA") proposed amending Section 16(d) of its Financial Requirements to add a carve-out for FCMs acting pursuant to relief granted by the CFTC staff in CFTC Letter 17-03 (see previous coverage).

The proposed amendments will become effective 10 days after receipt by the CFTC unless the CFTC affirmatively rejects the amendments.