On November 13th, the National Futures Association reminded members that the amendments to NFA Financial Requirements Section 13, which codified NFA's requirement that FDMs file monthly operational and risk management reports and quarterly reports containing CFTC required performance disclosures, became effective in September. The amendments also provide that any of these reports that are filed after their due date must be accompanied by a fee of $200 for each business day the report is late. This late fee also applies to the daily electronic reports prepared for each business day, which are due by noon on the following business day. The first monthly operational and risk management report and the first quarterly report were due on October 23, 2012. Reports filed after this due date must be accompanied by a fee of $200 for each business day the report is late. NFA Notice to Members I-12-27.