Compliance Rules

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

RULE 2-23. FCM AND RFED RESPONSIBILITY FOR GUARANTEED MEMBER IBs.

[Adopted effective February 27, 1984. Effective date of Amendments: October 18, 2010]

Any Member FCM or RFED which enters into a guarantee agreement, pursuant to CFTC Regulation 1.10(j), with a Member IB, shall be jointly and severally subject to discipline under NFA Compliance Rules for acts and omissions of the Member IB which violate NFA requirements occurring during the term of the guarantee agreement.