NFA Notice to Members: Chief Compliance Officer Requirements Become Effective for Certain FCMs on October 1

The NFA announced that effective October 1, 2012, FCMs which are currently regulated by a U.S. prudential regulator or that are also in some capacity registrants of the SEC (meaning, as a practical matter, FCMs that are also SEC-registered broker-dealers) must have a designated CCO under CFTC Rule 3.3, and that person must also be a listed principal of the firm. Further, those FCMs will be required to file the CCO Annual Report as of the date of the firm's first fiscal year end after October 1.

View notice in full here (links externally to NFA website).