NFA Issues Proposed Technical Amendment to NFA Financial Requirements
NFA submitted proposed amendments to Section 4 ("Financial Requirements and Treatment of Customer Property") of NFA Financial Requirements. The proposed amendments would modify Phase 2 of the daily segregation monitoring system. Phase 2 will require non-clearing FCMs to instruct all clearing FCMs carrying its customer omnibus accounts to report end-of-day balances in those accounts to NFA and/or the CME.