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Supervision

  1. What activities is my firm required to supervise?
  2. What are the supervisory requirements for individuals?
  3. What types of activities must I supervise at branch offices or GIBs?
  4. How often must I conduct an onsite inspection of a branch office or GIB?

1. What activities is my firm required to supervise?

NFA Compliance Rule 2-9(a) requires the firm to supervise all of its commodity futures activities.

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What activities is my firm required to supervise?

2. What are the supervisory requirements for individuals?

NFA Compliance Rule 2-9(a) requires all Associates with supervisory responsibilities to exercise those responsibilities diligently.

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What are the supervisory requirements for individuals?

3. What types of activities must I supervise at branch offices or GIBs?

NFA's Interpretive Notice 9019 provides detailed descriptions of a Member's day-to-day monitoring obligations as well as the types of tests and reviews the Member should conduct during an onsite audit.

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What types of activities must I supervise at branch offices or GIBs?

4. How often must I conduct an onsite inspection of a branch office or GIB?

Members are expected to conduct an onsite review of each branch office or GIB at least annually. 

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How often must I conduct an onsite inspection of a branch office or GIB?
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