Forex Issues

Retail Off-Exchange Foreign Currency (Forex) for Commodity Pool Operators 

NFA Member CPOs that have Forex only pools must provide a Disclosure Document to potential participants prior to accepting a pool participant. In addition, Members whose pools trade both Forex and futures must now include additional language in their pool Disclosure Documents. 

Additionally, NFA Member CPOs whose pools trade Forex must comply with the financial reporting requirements in CFTC Regulation §4.22 in the same manner as would be applicable to the operation of a pool trading on-exchange futures contracts.

NFA Rules Resources NFA Compliance Rule 2-36. Requirements for Forex Transactions NFA Bylaw 1507(b) Registration Overview for Retail Foreign Exchange Dealers and Forex IB, CTA and CPO Applicants Forex Transactions: A Regulatory Guide Disclosure Documents: A Guide for CPOs and CTAs