On March 12, the Commodity Futures Trading Commission approved the National Futures Association’s (NFA) recently-proposed interpretive notice to NFA Compliance Rule 2-4, which requires futures commission merchants (FCMs) that offer or recommend sweep accounts to make certain disclosures to their clients. The notice does not prescribe specific disclosure language, but specifies certain disclosures that FCMs should make at the time a sweep account program is offered to a customer and requires each FCM to obtain the customer’s written consent prior to any funds being transferred pursuant to such program.