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In order to provide customers with the information needed to make informed investment decisions, CTAs and CPOs must supply prospective clients with a Disclosure Document. NFA has published a guide, Disclosure Documents: A Guide for CPOs and CTAs, to help Members understand the requirements for these documents.
CTAs and CPOs must file all Disclosure Documents, including privately and publicly offered commodity pool Documents, with NFA for approval prior to use. Documents may be mailed or electronically filed to NFA's e-mail address at ddoc@nfa.futures.org. CPOs and CTAs must also submit copies of all subsequent amendments or updated Documents to NFA prior to use.
In an effort to better serve our Members, NFA has implemented a new policy whereby it will provide electronic confirmation of the receipt of disclosure documents and promotional material. In order to receive this confirmation, a Member should electronically file all future disclosure documents to ddoc@nfa.futures.org and all future promotional material filings to art@nfa.futures.org. NFA will send an electronic confirmation to the sender within 24 business hours of the filing. If you do not receive such confirmation, please contact the Disclosure Document and Promotional Material Review Team through NFA's Information line at 800-621-3570 or 800-572-9400.
NFA will promptly complete its initial review of a Document within 14 days of receipt. Additionally, once a Member has filed a Document with NFA that has been accepted, subsequent Documents may be eligible for instant filing, which will result in an expedited review process of three business days. NFA will either send the Member a written acceptance letter or communicate any deficiencies that need to be corrected before an acceptance letter may be issued.
Members of NFA's Disclosure Document Review Team are available to answer any questions concerning the preparation of Documents and other issues relating to CTAs and CPOs. Contact Mary McHenry or Christine Roche.
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