NFA Announces Changes to Public Display of FCM Financial Information (Notice I-14-28)
The NFA issued a notice to members announcing that information from the modified Segregated Investments Detail Reports ("SIDR") will be included on the Background Affiliation Status Information Center ("BASIC") page of each futures commission merchant ("FCM") beginning with the November 17, 2014 SIDR filing.
In November 2013, the CFTC amended Rules 1.32, 30.7(l) and 22.2(g) to require FCMs to file semi-monthly reports that include the information required by the SIDR, as well as the amount of customer funds held at clearing organizations and brokers, the amount of customer-owned securities that are on deposit as margin collateral, and information regarding repurchase transactions involving customer funds or securities.
As a result, the NFA modified the SIDR report to collect this information. The NFA Board of Directors has decided to display this information as percentages on each FCM's Customer Segregated Funds, Customer Secured Amount Funds and Cleared Swaps Customer Collateral reports, as applicable. This new information, along with other modifications to the display, will appear on the BASIC page on November 25, 2014.