The Commodity Futures Trading Commission has amended CFTC Rule 3.10 to require each registered futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator and leverage transaction merchant to complete online annual reviews and updates of the information maintained by the National Futures Association relating to the registrant. The amended rules become effective on August 1, 2007. Under the amended rule, any failure to make a required update within 30 days of the date established by NFA for completion would be deemed to be a request for withdrawal from registration. The rule change does not alter a firm’s continuing obligation under Regulation 3.31(a)(1) to promptly correct any deficiency or inaccuracy in its NFA registration file.

http://www.cftc.gov/foia/fedreg07/foi070702a.htm