NIBA - Celebrating 35 Years
Back to Journal
Housekeeping

July Housekeeping Items

N
Written by
NIBA
Published
Reading time
1 min
Upcoming IB Filings:

1-FRs for IBs are due 7/24/2014 for the 6/30/14 filing.  That is 2 days from today (Tuesday July 22)  Please be sure to file this prior to the deadline as there is now a $1,000 per day fine for a late filing


Upcoming CTA Filings:

In 2013, the NFA amended Compliance Rule 2-46 to impose a quarterly reporting requirement on all CTAs. This filing requires each CTA to report general information about the CTA and its trading programs.  For CTAs who have a 6/30/2014 quarterly filing, the due date is on Thursday 8/14/2014.


New CFTC Rules:

CFTC Rule 1.55 (j) requires each FCM to provide certain information that is specific to the clearing firm and its business in a new, mandatory FCM specific disclosure document.  According to the CFTC this new FCM d-doc is designed to enable customers to make informed judgments regarding the appropriateness of selecting an FCM by providing information for a meaningful comparison across FCMs


Stay Informed

Subscribe to the NIBA Journal for the latest insights and industry updates

Related Articles

View All
Housekeeping

Housekeeping, Reminders & Updates - Feb 2018

Written by: Mark E. Ruddy, Esq. Maria Fielding The National Futures Association (“NFA”) Adds Additional Questions on the Annual Financial Statement The NFA announced that as of October 31, 2017, there will be two additional yes/no questions added to the Annual Financial Statement. Both questions are related to virtual currency activities. The NFA announced the additional questions in Notice to Members I-18-03. Financial Crimes Enforcement Network (“FinCEN”) Updates Jurisdictions with Deficiencies On February 9, 2018, FinCEN released an advisory updating their list of strategic anti-money laundering (“AML”) and combatting the financing of terrorism (“CFT”) deficiencies. Notably, Sri Lanka, Trinidad and Tobago, and Tunisia were added to the “Improving Global AML/CFT Compliance: On-Going Process” list while Uganda was removed. Bosnia and...

Housekeeping

Housekeeping, Reminders & Updates - November 2017

Written by: Mark E. Ruddy, Esq. Maria Fielding The National Futures Association (“NFA”) Requests Nominations for the NFA’s Board of Directors (“Board”) The NFA is reaching out to both NFA members and non-members for nominations to fill impending vacancies of Public Representatives serving on its Board. There are currently five Public Representatives whose terms will expire at the Board’s Annual Meeting in February of 2018. Nominees for the position must have no material relationship with the NFA, as the position is designed to bring a needed impartial, non-member perspective to issues. A Public Representative nominee should, however, be knowledgeable of both the markets and who is regulated by the NFA. The position consists of a two-year term and individuals are...

Housekeeping

Housekeeping, Reminders and Updates - April 2017

Written by: Mark E. Ruddy, Esq. Jessica I. Brown, CAMS FINANCIAL CRIMES ENFORCEMENT NETWORK Update to FATF List of Jurisdictions with AML/CFT Deficiencies On April 5, 2017, the Financial Crimes Enforcement Network (“FinCEN”) issued an advisory announcing that the Financial Action Task Force (“FATF”) updated its lists of identified jurisdictions with strategic deficiencies in their frameworks to combat money laundering and the financing of terrorism and proliferation. The purposes of FATF’s lists are to track and monitor compliance with the international anti-money laundering and countering the financing of terrorism (“AML/CFT”) standards. The changes to FATF’s list may affect US financial institutions’ obligation and risk-based approaches with respect to relevant jurisdictions. As per FATF’s February 2017 Public Statement, the list of...