On September 10, 2015, the US Commodity Futures Trading Commission issued a final rule requiring all registered introducing brokers and commodity pool operators, and certain commodity trading advisors, to become and remain members of a registered futures association. Currently, the only registered futures association is the National Futures Association. Certain commodity trading advisors who qualify for an exemption from registration as a commodity trading advisor under CFTC regulation 4.14(a)(9) are not subject to this requirement. Compliance with the final rule is required by December 31, 2015.
The press release is available at: http://www.cftc.gov/PressRoom/PressReleases/pr7225-15 and the final rule is available at: http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/federalregister091015.pdf.
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