The NFA updated its regulatory requirements for futures commission merchants, introducing brokers, commodity pool officers and commodity trading advisors.
News & Insights
The NFA established general requirements for the information systems security programs of futures commission merchant, commodity trading advisor, commodity pool operator and introducing broker members.
The NFA reminded member firms to adopt and enforce written policies and procedures to secure customer data and access to electronic systems. The required policy and procedures went into effect on March 1, 2016.
The NFA updated its regulatory requirements for futures commission merchants, introducing brokers, commodity pool operators and commodity trading advisors by adding material relating to Cybersecurity.
The NFA will amend its compliance rules and interpretive notices to reflect changes to FinCEN's final rules relating to customer due diligence requirements for certain financial institutions.