United States:
NFA Amends Regulation Regarding Default Withdrawal Of Membership
17 October 2018
Cadwalader, Wickersham & Taft LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The National Futures Association ("NFA") amended its
Bylaw 1303 governing a Member's failure to timely pay
certain fees, which is regarded as a default and deemed a request
to withdraw from NFA membership.
Effective on October 31, 2018, NFA Bylaw 1301 will (i) include
fees for filing late reports under certain regulations and (ii)
make the time period when the default and deemed request to
withdraw occurs consistent for all late payments.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.