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Registration Rules



RULE 203. REGISTRATION FEES.
[Adopted effective April 4, 1988. Effective dates of amendments: June 8, 1988; January 1, 1990; November 1, 1990; July 1, 1992; April 26, 1993; September 21, 1993; August 1, 1994; January 30, 1997; June 30, 1998; July 1, 2001; May 31, 2002; July 21, 2003; August 1, 2007; January 1, 2008; September 30, 2010; July 18, 2012; July 9, 2013; March 21, 2014; and June 1, 2014]

(a) Amount. The following fees shall apply:

    (1) Associated Person and Floor Trader Order Enterer: $85 for each Form 8-R filed for registration as an AP, except that the fee shall be $65 for each Form 8-R filed in accordance with Rule 209, and for each Form 8-R filed for a floor trader order enterer.

    (2) Futures Commission Merchant: $500 for each Form 7-R filed for registration as an FCM, except a Notice Form 7-R filed pursuant to Rule 204(a)(4)(A).

    (3) Introducing Broker: $200 for each Form 7-R filed for registration as an IB, except a Notice Form 7-R filed pursuant to Rule 204(a)(4)(A).

    (4) Commodity Pool Operator and Commodity Trading Advisor: $200 for each Form 7-R filed for registration as a CPO or CTA.

    (5) Leverage Transaction Merchant: $500 for each Form 7-R filed for registration as an LTM.

    (6) Floor Broker: $85 for each Form 8-R filed for registration as a FB.

    (7) Floor Trader: $85 for each Form 8-R filed for registration by an individual as a FT and $200 for each Form 7-R filed by a firm for registration as a FT.

    (8) Principal: $85 for each Form 8-R filed by a principal of an applicant or registrant, except that the fee shall be $65 for each Form 8-R filed by a principal in accordance with Rule 209. If the principal is also applying for registration as an AP of the applicant or registrant, only the fee required in paragraph (a)(1) of this Rule shall be paid.

    (9) Annual Registration Records Maintenance Fee: $100 for each registration category as an FCM, RFED, SD, MSP, IB, CPO, CTA or LTM.

    (10) Late Termination Notice: $100 for each notice required by Rule 214(a) which is filed more than 30 days after the occurrence of the event requiring the notice.

    (11) Disqualification Fee: $1,000 for the first written submission to the Membership Committee or a designated Subcommittee filed under Rule 504. The fee shall be refunded if the Membership Committee or a designated Subcommittee finds that the applicant or registrant is not subject to a statutory disqualification.

    (12) Late Disciplinary History Disclosure Fee: $1,000 for non-disclosure of disciplinary history matters on a Form 7-R or a Form 3-R in accordance with Registration Rule 210(c)(1) and $1,000 for non-disclosure of disciplinary history matters on a Form 8-R or a Form 3-R in accordance with Registration Rule 210(c)(2) and (3).

    (13) Exempt Foreign Introducing Broker, Commodity Pool Operator or Commodity Trading Advisor: $100 for each Form 7-R filed for exemption from registration as an IB, CPO or CTA pursuant to Commission Regulation 30.5.

    (14) Reinstatement Fee: $500.

    (15) Retail Foreign Exchange Dealer: $500 for each Form 7-R filed for registration as an RFED.

    (16) Swap Dealer: $15,000 for each Form 7-R filed for registration as an SD.

    (17) Major Swap Participant: $15,000 for each Form 7-R filed for registration as an MSP.

(b) Form of Remittance. Registration fees must be remitted by check, bank draft or money order payable to NFA or by using NFA's Online Registration System Online Deposit function. All registration fees are non-refundable.

 
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