ARTICLE
6 December 2019

NFA Proposes Reducing Forex Dealer Member Assessment Fees

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
NFA proposed reducing the fees on Forex Dealer Members ("FDM") under the Forex Transaction Reporting Execution Surveillance System ("FORTRESS").
United States Finance and Banking

NFA proposed reducing the fees on Forex Dealer Members ("FDM") under the Forex Transaction Reporting Execution Surveillance System ("FORTRESS"). NFA stated that it plans to make the proposed amendments to NFA Bylaw 1301(e) ("Schedule of Dues and Assessments") effective ten days after receipt of submission by the CFTC unless the CFTC decides to review the proposal before approving.

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