Home > FAQs > Compliance > Bylaw 1101-Doing Business WIth Non-Members > Am I required to have procedures for...

Am I required to have procedures for complying with Bylaw 1101?

Yes. The procedures should include 1) the steps firm personnel will take to determine if an entity is required to be registered with the CFTC and to be an NFA Member and 2) a requirement that firm personnel review BASIC to verify that the entity is registered and an NFA Member (if registration and membership are required). The procedures should also require firm personnel to document the review and maintain the documentation.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy