On September 14th, the National Futures Association advised that effective October 1, 2012, FCMs that are currently regulated by a U.S. prudential regulator or that are also in some capacity registrants of the SEC must have a designated Chief Compliance Officer under CFTC Regulation 3.3, and that person must also be a listed principal of the firm. In addition, those FCMs will be required to file the CCO Annual Report as of the date of the firm's first fiscal year end after October 1, 2012. NFA Information Memo I-12-21.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact email@example.comRegister
CCO compliance requirements
Popular articles from this firm
Related topic hubs
Chief Legal Adviser: Labour & Employment Law
Sasol Group of Companies
"Lexology is a very relevant and interesting resource for South African in-house lawyers. The newsfeeds are a good measure of a firm's expertise and offer an interesting insight into recent legal developments. I would highly recommend Lexology to colleagues."