NFA Extends Reporting Deadlines for Introducing Brokers
NFA provided regulatory relief to independent introducing brokers ("IBs") by extending the deadlines for filing financial reports. The relief was extended to address compliance issues caused by COVID-19.
Specifically, the relief extends the deadlines for independent IBs to file:
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certified financial reports for fiscal years ending in December 2019 through March 2020, by 30 calendar days; and
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semi-annual, quarterly or monthly financial reports for reporting periods ending February through April 2020, by 10 business days.