NFA Proposes Amendments to Interpretive Notice for Compliance Rule 2-9 Relating to Supervision of Telemarketing

The National Futures Association ("NFA") approved and submitted to the CFTC for review proposed amendments to Interpretive Notice 9021, titled "Compliance Rule 2-9: Enhanced Supervisory Procedures."

The amendments are minor modifications in response to the NFA Telemarketing Procedures Waiver Committee's recent request to provide limited additional relief to a limited number of individual principals who would currently be subject to enhanced supervisory requirements based on their previous affiliation with a member firm that was subject to the requirements, but who had not been personally the subject of sanctions.

See: Proposed Amendments to Interpretive Notice on Compliance Rule 2-9.