NFA Incorporates Recent Rule Amendments into Self-Examination Questionnaire
NFA updated the Self-Examination Questionnaire to reflect recent amendments to rules on, among other things, branch office supervision, public communications and disclosure. Futures commission merchants, retail foreign exchange dealers, introducing brokers, CPOs and CTAs are required to complete the questionnaire annually.
Specifically, the Self-Examination Questionnaire was revised to reflect amendments to the following:
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Interpretive Notice 9019-Compliance Rule 2-9: Supervision of Branch Offices and Guaranteed IBs, which went into effect on January 1, 2020;
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Compliance Rules 2-29 ("Communications with the Public and Promotional Material") and 2-36 ("Requirements for Forex Transactions"), and related Interpretive Notices regarding communications with the public and promotional material (see previous coverage), which went into effect on January 1, 2020; and
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Compliance Rules 2-8 ("Discretionary Customer Accounts") and 2-30 ("Customer Information and Risk Disclosure"), and Interpretive Notice 9029-NFA Compliance Rule 2-10: The Allocation of Bunched Orders for Multiple Accounts (see previous coverage), which went into effect on March 1, 2020.