NFA Notice to Members: Required Notification of Certain Disbursements from Segregated/Secured Amount Funds and New Requirements Regarding Statement Submitters

The NFA announced that, effective September 1, 2012, the following requirements will take effect:

• Any FCM that makes a withdrawal from its customer segregated funds account(s) or its foreign futures and foreign options customer secured amount funds account(s), which withdrawal is not for the benefit of customers and exceeds 25% of the FCM's residual interest in either such account, must: (i) receive written preapproval from the CEO, CFO, or a listed principal of the firm who holds a position with knowledge of the FCM's financial requirements and position; and (ii) file a written preapproval notice signed by the CEO, CFO or Financial Principal through the WinJammer Online Filing System.

• An FCM's monthly financial and operational information, semi-monthly Segregated Investment Detail Reports and daily segregated funds and secured amount funds calculation(s) must be submitted through WinJammer by the FCM's CEO, CFO or other individual designated by the CEO or CFO to file on his or her behalf (and, where applicable, a person described in CFTC Regulation 1.10(d)(4)(ii)).

View notice here (links externally to NFA website).