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Registration Information for Swap FCMs, IBs, CPOs and CTAs

The Dodd-Frank Act of 2010 amended the definition of "commodity interest" to include "swaps." On August 13, 2012, the CFTC published final rule definitions for "swap," "security-based swaps" and "security based swap agreements." Therefore, firms that act as an FCM, IB or CTA with respect to swaps subject to the jurisdiction of the CFTC must register with the CFTC. Firms acting as CPOs are required to register based upon their swaps activities unless the firm properly claims an exclusion or exemption from registration via NFA's Electronic Exemption System or the CFTC issues interpretive guidance providing that certain collective investment vehicles are not considered commodity pools.

In addition, any person associated with a firm registered as an FCM, IB, CPO or CTA that engages in activities involving swaps subject to the jurisdiction of the CFTC must register as an Associated Person (AP). At this time, there are no proficiency requirements for APs whose activities are limited solely to swaps.

Newly and currently registered FCMs and IBs, CPOs and CTAs whose activities include but are not solely limited to swaps subject to the jurisdiction of the CFTC also have to be approved as an NFA Member swaps designated firm. In addition, any person associated with a Member that is currently registered with the CFTC as an FCM, IB, CPO or CTA and engages in activities involving swaps subject to the jurisdiction of the CFTC must be approved as a swap designated AP by NFA in order to engage in swaps activities on behalf of such Member. No Member may be approved as a swap firm unless at least one of its principals is registered as an AP and approved as a swap AP.

All registration applications are filed over the internet via NFA's Online Registration System.

Registration Resources

For information on the FCM registration process, click here.

For information on the IB registration process, click here.

For information on the CPO registration process, click here.

For information on the CTA registration process, click here.

All registration applications are filed over the internet via NFA's Online Registration System. NFA has produced several "Registration Video Tutorials" for information on accessing ORS and filing applications:

The Registration Process: Getting Started: The Enrollment Process
The Registration Process: Filing a Firm Application
The Registration Process: Filing an Individual Application

Contact NFA's Information Center if you need assistance or have any questions concerning the registration process. Our knowledgeable and helpful Information Center Representatives are available from 8:00 a.m. to 5:00 p.m. CST, Monday through Friday, to answer your questions and provide additional information on any NFA-related topic. Contact the Information Center by phone at 312-781-1410 or 800-621-3570, or send an email to information@nfa.futures.org.

Online Registration System

 

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Electronic Filings

NFA Members can file many of their required documents electronically.

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