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NFA Reminds Swaps Firms of Annual Dues Surcharge

NFA reminded firms that are engaged in swaps activities to pay the new annual dues surcharge by January 1, 2020.

According to the NFA notice, all swap-approved or swap-pending firms under NFA Bylaw 301(l) must pay the $1,750 surcharge. NFA noted that the surcharge is not applicable to current or pending swap-approved firms that are no longer participating in swaps activities. NFA stated that in order to avoid the surcharge, firms must withdraw their swap approval status using NFA Form 7-W by December 1, 2019.

Primary Sources

  1. NFA Notice I-19-15: Effective Date of Dues Surcharge for Certain Member Firms Engaged in Swaps Activities

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Tags

Regulated Activities
Regulatory Fees
Sub-Activity
Regulatory Fees
Regulated Entities
Adviser / CTA / CPO FCMs and IBs, Floor Brokers
Regulated Products
Swaps / SBS
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
NFA