NFA Announces New FCM Filing Requirements (NFA Notice I-14-22)

The National Futures Association ("NFA") issued a notice advising members that FCMs are now required to file Risk Exposure Reports with the NFA on a quarterly basis and Chief Compliance Officer ("CCO") Reports with the NFA on an annual basis.

Regarding Risk Exposure Reports, beginning with quarterly risk reports as of September 30, 2014, the NFA is requiring each FCM for which the NFA is the DSRO to provide the NFA with a copy of the Risk Exposure Report within the same five-day time frame required by the CFTC. Beginning with each FCM's next CCO Annual Report, the NFA is requiring each FCM for which the NFA is the DSRO to provide the NFA with a copy of the CCO Annual Report within the same 60-day time frame required by the CFTC (90 days for reports due in calendar year 2014).

See: NFA Notice I-14-22.