On December 3rd, the National Futures Association reminded members that under CFTC rules, those entities that are currently operating under an exemption or exclusion from CPO or CTA registration must annually affirm the applicable notice of exemption or exclusion within 60 days of the calendar year end. The first notice affirming these exemptions is due for the calendar year ending December 31, 2012 and annually thereafter. Failure to affirm the appropriate exemptions or exclusions will be deemed as a request to withdraw the exemption or exclusion and therefore, result in the automatic withdrawal of the exemption or exclusion once the 60 day period has elapsed. NFA Notice to Members I-12-30.