Termination of Associated Persons and Principals of Futures Commission Merchants, Introducing Brokers, Commodity Trading Advisors, Commodity Pool Operators and Leverage Transaction Merchants

摘要

The Commodity Futures Trading Commission ("Commission" or "CFTC") is proposing to amend Commission Regulations 3.12 and 3.31 ("Proposed Amendments") to extend the period during which a registered futures commission merchant ("FCM"), introducing broker ("IB), commodity trading advisor ("CTA"), commodity pool operator ("CPO") or leverage transaction merchant ("LTM") must file a notice with the National Futures Association ("NFA") to report the termination of any associated person ("AP") or principal of the registered intermediary. Under existing regulations, such intermediaries must file notices within 20 days after the termination of the AP or principal. The Commission's proposal ("Proposal") would provide 30, rather than 20, days for the filing of a termination notice.