NFA Adopts Changes to Registration Rules

On September 15, 2017, amendments to NFA registration rules became effective. As previously covered, the amendments (i) obligate firms registered as floor traders to file Form 8-R electronically for individuals who enter orders on behalf of the firm, (ii) discontinue use of Form 3-R, and (iii) eliminate an exception that allowed individuals who acted solely as principals to qualify for registration as NFA members without meeting the qualification-testing requirement.