What is NFA regulation?
The National Futures Association (NFA) is the self-regulatory organization (SRO) for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps).Click to see full answer. In this manner, what regulatory function does NFA perform?In addition to regulation of the U.S. futures market, the NFA’s duties and functions include…
The National Futures Association (NFA) is the self-regulatory organization (SRO) for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps).Click to see full answer. In this manner, what regulatory function does NFA perform?In addition to regulation of the U.S. futures market, the NFA’s duties and functions include registration, compliance, and arbitration. It combats fraud and abuse in the futures markets through a combination of registration requirements, compliance rules, strong enforcement authority, and real-time market surveillance.One may also ask, what is an NFA member? NFA Members. NFA develops and enforces rules, provides programs and offers services that safeguard market integrity, and helps Members meet their regulatory obligations. Select a membership category to access regulatory information and resources. Subsequently, one may also ask, what is NFA fee? The National Futures Association (NFA) is the self-regulatory body of the derivatives industry, including the exchange-based trading of futures products. The NFA requires a fee of US$. 01 per side of every exchange-based futures contract traded. The NFA fee is the smallest of the fees associated with trading futures.Who must register with the NFA?Who Has to Register. The Commodity Exchange Act (CEA) requires certain firms and individuals that conduct business in the derivatives industry to register with the CFTC. CFTC regulations also require, with few exceptions, CFTC registered firms to be NFA Members. The CFTC has delegated registration responsibility to NFA
