National Futures Association (NFA) has implemented a late fee on commodity pool operators (CPOs) and commodity trading advisors of $200 for each business day after the due date that a quarterly NFA Form PQR or PR is filed. The late fee will apply to all late-filed NFA Forms PQR and PR dated September 30, 2016 or later. With respect to Form PQR, the late fee will be assessed on the CPO entity and not on each pool operated by the CPO.
More information is available in NFA Notice I-16-16, which is available here.
Read more about the NFA’s initial rule proposal in the June 3 edition of Corporate & Financial Weekly Digest, available here.