NFA Manual / Rules

Welcome to the online version of NFA's rulebook, the NFA Manual. We update this version on an ongoing basis. If you want to check out what changes have most recently been made to the NFA Manual, go to Recent Manual Updates.

Part 1 - Definitions

   
RULE 1-1.
 

 

Part 2 - Rules Governing the Business Conduct of Members Registered with the Commission

   
RULE 2-1.
 

 

   
RULE 2-2.
 

 

   
RULE 2-3.
 

 

   
RULE 2-4.
 

 

   
RULE 2-5.
 

 

   
RULE 2-6.
 

 

   
RULE 2-7.
 

 

   
RULE 2-8.
 

 

   
RULE 2-9.
 

 

   
RULE 2-10.
 

 

   
RULE 2-11.
 

 

   
RULE 2-12.
 

 

   
RULE 2-13.
 

 

   
RULE 2-14.
 

 

   
RULE 2-15.
 

 

   
RULE 2-16.
 

 

   
RULE 2-17.
 

 

   
RULE 2-18.
 

 

   
RULE 2-19.
 

 

   
RULE 2-20.
 

 

   
RULE 2-21.
 

 

   
RULE 2-22.
 

 

   
RULE 2-23.
 

 

   
RULE 2-24.
 

 

   
RULE 2-25.
 

 

   
RULE 2-26.
 

 

   
RULE 2-27.
 

 

   
RULE 2-28.
 

 

   
RULE 2-29.
 

 

   
RULE 2-30.
 

 

   
RULE 2-31.
 

 

   
RULE 2-32.
 

 

   
RULE 2-33.
 

 

   
RULE 2-34.
 

 

   
RULE 2-35.
 

 

   
RULE 2-36.
 

 

   
RULE 2-37.
 

 

   
RULE 2-38.
 

 

   
RULE 2-39.
 

 

   
RULE 2-40.
 

 

   
RULE 2-41.
 

 

   
RULE 2-42.
 

 

   
RULE 2-43.
 

 

   
RULE 2-44.
 

 

   
RULE 2-45.
 

 

   
RULE 2-46.
 

 

   
RULE 2-47.
 

 

   
RULE 2-48.
 

 

   
RULE 2-49.
 

 

Part 3 - Compliance Procedures

   
RULE 3-1.
 

 

   
RULE 3-2.
 

 

   
RULE 3-3.
 

 

   
RULE 3-4.
 

 

   
RULE 3-5.
 

 

   
RULE 3-6.
 

 

   
RULE 3-7.
 

 

   
RULE 3-8.
 

 

   
RULE 3-9.
 

 

   
RULE 3-10.
 

 

   
RULE 3-11.
 

 

   
RULE 3-12.
 

 

   
RULE 3-13.
 

 

   
RULE 3-14.
 

 

   
RULE 3-15.
 

 

   
RULE 3-16.
 

 

   
RULE 3-17.
 

 

   
RULE 3-18.
 

 

Part 4 - Procedures Governing Access to and Certification of CFTC Records, Other than Registration Records, maintained by NFA

   
RULE 4-1.
 

 

   
RULE 4-2.
 

 

 
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