NFA announces annual meeting. The National Futures Association will hold its annual members meeting on February 18, 2016. (1/15/2016) NFA press release.
NFA assists members in complying with rules requiring CPOs and CTAs to affirm registration exemptions. The NFA notified members that they will not violate NFA by-laws if they transact customer business between January 1 and March 31, 2016, with a previously exempt commodity pool operator (CPO) or commodity trading advisor (CTA) who fails to file an affirmation of their registration exemption or to register with the NFA by February 29, 2016, as long as members take reasonable steps to determine the registration and membership status of the CPO or CTA. (1/14/2016) NFA Notice I-16-03.
NFA revises CPO Form PQR. The NFA announced that it has made enhancements to CPO Form PQR. An updated schema is also available in the XML Documentation section of EasyFile for CPO PQR XML filers. (1/13/2016) NFA Notice I-16-02.
MSRB releases 2015 Annual Report and audited financial statements. The Municipal Securities Rulemaking Board published its 2015 Annual Report, which highlights its work on key initiatives during Fiscal Year 2015. The MSRB also made available audited financial statements to accompany the report’s overview of the organization’s 2015 financial highlights. (1/11/2016) MSRB press release.
FINRA revises the Series 9/10 Examination Program. The Financial Industry Regulatory Authority has modified the content of the General Securities Sales Supervisor (Series 9/10) examination program. The revisions will apply to examinations administered on or after March 7, 2016. (1/11/2016) FINRA Regulatory Notice 16-02.
MSRB proposal seeks to modernize close-out procedures for inter-dealer transactions. The MSRB proposed amendments to its rules related to the close-out of open inter-dealer transactions that would require dealers to close out open municipal securities transactions no later than 30 days after the settlement date, among other things. Comments are due on or before March 6, 2016. (1/6/2016)MSRB press release.
NFA eliminates the requirement for revised documentation in response to 4s submission feedback. The NFA announced that it will now require swap dealers and major swap participants to submit an attestation confirming they have revised their policies and procedures to address NFA feedback regarding the documentation they submit demonstrating their ability to comply with CFTC Regulations Implementing Section 4s of the Commodity Exchange Act. (1/6/2016)NFA press release.