NFA Announces Effectiveness of Financial Requirement Rule Amendments

The National Futures Association ("NFA") announced that the amendments to Financial Requirements Section 8 became effective on March 21, 2014. The rule amendments provide that:

• if requested by the NFA, a Member futures commission merchant ("FCM"), retail foreign exchange dealer ("RFED") or introducing broker ("IB") must promptly submit such additional reports and supplemental financial information which the NFA deems necessary; and
• each FCM for which the NFA is the designated self-regulatory organization ("DSRO") and each forex dealer member ("FDM") must file the financial, operational, risk management and other information required by the NFA in the form and manner prescribed by the NFA.

See: Text of Amended Rules.