NFA Submits Proposed Amendments to Various Rules

The NFA has submitted to the CFTC proposed technical amendments to NFA Compliance Rule 2-7, Registration Rules 201, 203 and 501, and the Interpretive Notice to Registration Rule 402 regarding CTAs trading primarily in securities. The proposed amendments have to do largely with issues of terminology. Pursuant to the "ten-day" provision of CEA Section 17(j), the NFA will make these proposals effective ten days after receipt of submission, unless the CFTC decides to review the proposals for approval.

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