FIA Issues Updated Guide to Customer Fund Protections

The Futures Industry Association ("FIA") issued an updated version of its guide to the rules and regulations of customer fund protections in the United States.

The guide, which was first issued in February 2012, explains the protections for customer funds held as collateral for futures and options traded on U.S. and foreign exchanges, as well as collateral for cleared swaps.

The updated guide reflects the amendments to the CFTC's rules that were adopted in November 2013 to enhance customer protections. It also reflects new rules governing the protection of collateral for cleared swaps that have been finalized since the first version of the FAQ.

See: Protection of Customer Funds Guide (Updated); FIA Press Release. Related news: CFTC Publishes Final Rules Enhancing Customer Protections (Fed. Reg.) (November 14, 2013); CFTC Issues Final Rule Regarding Protection for Uncleared Swaps (Fed. Reg.) (with Lofchie Comment) (November 6, 2013).