NFA Reminds CPOs and CTAs That Form PQR and PR Late Fees Are Now in Effect

The NFA reminded Commodity Pool Operators ("CPOs") and Commodity Trading Advisors ("CTAs") members that the amendment to NFA Compliance Rule 2-46, which would impose a $200 late fee for each business day after which the Member files its quarterly NFA Form PQR or PR after the due date, is now in effect.

The late fee is designed to encourage timely filing and is effective for all NFA Forms PQR and PR that are required under NFA Compliance Rule 2-46, beginning with reports dated on September 30, 2016. For Form PQR, the late fee will apply to the CPO entity and will not be assessed on each pool that has a late filing and is operated by the CPO.