The National Futures Association (NFA) has extended the effective date for portions of its new Compliance Rule 2-43(b), which prohibits forex dealer members (FDMs) from allowing customers to carry offsetting positions and generally requires an FDM to offset positions in a customer account on a first-in, first-out (FIFO) basis. The rule was originally scheduled to become effective for any positions established after May 15, but due to concerns raised by FDMs about the time needed to comply with the FIFO portion of the rule, NFA has postponed the effective date for that portion of the rule until July 31. The effective date for the remainder of the rule remains May 15.  

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