Welcome to the National Futures Association's Background
Affiliation Status Information Center (BASIC). Whether you are an
investor thinking about opening a futures account or an NFA Member
contemplating a new business relationship, BASIC can be a valuable
resource for you.
BASIC contains Commodity Futures Trading Commission (CFTC) registration and NFA
membership information and futures-related regulatory and non-regulatory
actions contributed by NFA, the CFTC and the U.S. futures exchanges.
Information regarding IBs, CPOs and CTAs and APs of FCMs, IBs, CPOs and CTAs
Generally, any firm and individual that conducts futures or certain swaps business with the public
must be registered with the CFTC. However, the CFTC’s Division of Swap Dealer and Intermediary Oversight
issued No-Action letters on October 11, 2012,
December 21, 2012,
and December 28, 2012, that allow
certain firms to conduct futures or swaps business while their applications are pending so long as
they have filed their applications by December 31, 2012, and that allow certain APs to conduct futures or
swaps business if they file applications by March 31, 2013. If you are doing futures or swaps business
with a firm or individual that is not currently registered, you should contact that firm or individual to
confirm that you are dealing with a firm or individual eligible to conduct this business under one of the no-action letters.
Information regarding CFTC No-Action letters for certain pooled investment vehicle types
NFA Bylaw 1101 requires NFA Members to conduct business with only those firms and individuals
that are registered with the CFTC and Members of NFA, unless they qualify for specific CFTC
exemptions. Recently, however, the CFTC’s Division of Swap Dealer and Intermediary Oversight
issued several No-Action letters which provide relief from CPO registration for CPOs that
operate specific types of pooled investment vehicles.
Please be advised that some claims for relief will not appear in NFA’s BASIC System immediately
after being filed. If you are doing business with a CPO claiming relief under these No-Action
letters, you should request a copy of such claim for your records.
The system may occasionally be unavailable due to system maintenance.
Use of these search tools indicates you have accepted the Terms and Conditions of Use