June 2, 2004

NFA has revised the Self-Examination Checklist: For FCMs, IBs, CPOs and CTAs

NFA has recently revised the self-examination checklist that Members must use to conduct an annual review of their operations (NFA Compliance Rule 2-9). The checklist is available on NFA's Web site at www.nfa.futures.org/compliance/selfexam.asp.

Responding to feedback from our Members, we have streamlined the checklist to make it more user-friendly. The checklist is now divided into five sections. The first section is a general checklist that should be used by all registration categories. In addition, NFA has developed a separate supplemental checklist for each of the four registration categories (FCM, IB, CPO and CTA). NFA Members should complete each checklist that is applicable to their registration status.

NFA developed the checklist to help Members recognize potential problem areas and alert them to procedures which need to be revised or strengthened. The checklist focuses on the Member's regulatory responsibilities and solicits information regarding whether the Member's internal procedures are adequate for meeting these responsibilities.

Members may request a published version of the checklist by calling NFA's Information Center at (800)-621-3570.