11th March 2021
Compliance
11th March 2021
Compliance
This week, the NFA sent a rule submission letter to the CFTC that will amend how CPO members notify the NFA of events affecting the pool’s ability to fulfill its obligations to investors.
While certain elements of NFA Compliance Rule 2-50 are already reported to the NFA, this update will change the manner and timeframe of such reporting.
An NFA Notice to Members will be issued setting out additional detail but, in summary, the Rule requires prompt notification in the following circumstances:
Click here to see the proposed rule and related Interpretive Notice for more guidance.