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76 FR 77670 The CFTC is issuing this interpretation of the term "actual delivery" as set forth in section 2(c)(2)(D)(ii)(III)(aa) of the CEA, which subjects "retail commodity transactions" (leveraged transactions involving commodities other than foreign currency where such transactions do not result in actual delivery within 28 days or create an enforceable obligation to deliver) to the CEA. The CFTC also seeks public comment on whether its interpretation of "actual delivery" accurately construes statutory language. Cross References: Dodd-Frank Section 742(a); CEA Section 2(c)(2)(D)(ii)(III)

The National Futures Association ("NFA") permanently barred a number of firms based in the British Virgin Islands from membership.The firms were ordered to withdraw from NFA membership and the firms' principal was ordered not to register as an associated person or act as a principal of an NFA Member for four years. An NFA hearing panel found the firms had (i) used misleading promotional material that exaggerated profit potential, downplayed the risk of trading futures and included hypothetical results that were not identified as such, (ii) recommended and/or placed trades that maximized

The CFTC's new rule that requires all CFTC members registered as introducing brokers, commodity pool operators or commodity trading advisors to become and remain members of at least one registered futures association ( i.e., the National Futures Association) was published in the Federal Register. The effective date for the Final Rule is November 13, 2015. All members who are subject to the Final Rule must comply by December 31, 2015.

The NFA issued FAQs and a video tutorial on the filing process for the annual CFTC Form CTA-PR and the quarterly NFA Form PR. Both forms exist in EasyFile as Form PR. The materials, which focus on form and system logistics, are companion pieces to the CFTC's FAQs for CTAs and CPOs.