Market regulation · 11/09/1997

CFTC Authorizes NFA to Perform Fitness Checks on Foreign Firms and Firms Filing for Exemption from Registration

The Commodity Futures Trading Commission (CFTC) is authorizing the National Futures Association (NFA) to perform fitness checks on foreign firms acting as futures commission merchants (FCMs) seeking relief under Rule 30.10, and on applicants for registration or registrants adding a foreign principal. The NFA will also receive filings from foreign firms filing for exemption from registration under Rule 30.5 and monitor compliance with relevant rules.