NFA Revises Interpretive Notices Regarding Compliance Rule 2-10 with Regard to the Allocation of Bunched Orders

The National Futures Association ("NFA") issued two revised Interpretive Notices titled NFA Compliance Rule 2-10: The Allocation of Bunched Orders for Multiple Accounts and NFA Compliance Rule 2-10: The Allocation of Bunched Retail Forex Orders for Multiple Accounts.

The proposed amendments to the Interpretive Notices were filed with the CFTC on December 13, 2013. NFA Compliance Rule 2-10 ("Recordkeeping") adopts by reference CFTC Rule 1.35 ("Records of Commodity, Interest and Related Cash or Forward Transactions"), which, among other things, imposes on futures commission merchants ("FCMs") and introducing brokers ("IBs") recordkeeping requirements relating to customer orders of futures and options on futures contracts.

See:Revised NFA Interpretive Notice 9029, The Allocation of Bunch Orders for Multiple Accounts;Revised Interpretive Notice 9065, The Allocation of Bunch Retail Forex Orders for Multiple Accounts. Related news: NFA Files Proposed Amendments to Interpretive Notices Regarding Compliance Rule 2-10 (December 13, 2013).