NFA - Amendments to Financial Requirements Section 14 - Assets Covering Liabilities to Retail Forex Customers

The Rule change governs the custody of assets held for retail Forex customers. Note that the Rule change is now effective. [SL Comment: Against the background of Peregrine and MF Global, all CFTC-regulated firms would be well-served to review their procedures relating to custody, both from a calculation standpoint (are the numbers right?) and from an operational standpoint (are the release procedures safe?). Effective Date: July 26, 2012.

View release in full here (links externally to NFA website).