COMPLIANCE RULES
Table of Contents

Part 1-Definitions

[¶ 5011] Rule 1-1. Definitions
[¶ 5011.1] (a) Act
[¶ 5011.2] (b) Actual Funds
[¶ 5011.3] (c) Appeals Committee
[¶ 5011.4] (d) Associate
[¶ 5011.5] (e) Business Conduct Committee
[¶ 5011.6] (f) Commission
[¶ 5011.7] (g) Commodity Pool Operator or CPO
[¶ 5011.8] (h) Commodity Trading Advisor or CTA
[¶ 5011.9] (i) Contract Market
[¶ 5011.10] (j) Exchange Act
[¶ 5011.11] (k) Foreign Board of Trade
[¶ 5011.12] (l) Foreign Futures and Foreign Options
[¶ 5011.13] (m) Foreign Futures or Foreign Options Customer
[¶ 5011.14] (n) Forex
[¶ 5011.15] (o) Forex Dealer Member
[¶ 5011.16] (p) Futures
[¶ 5011.17] (q) Futures Commission Merchant or FCM
[¶ 5011.18] (r) Hearing Committee
[¶ 5011.19] (s) Introducing Broker or IB
[¶ 5011.20] (t) Leverage Transaction Merchant or LTM
[¶ 5011.21] (u) Member
[¶ 5011.22] (v) Nominal Account Size
[¶ 5011.23] (w) Partially-Funded Account
[¶ 5011.24] (x) Person
[¶ 5011.25] (y) Qualified Eligible Person or QEP
[¶ 5011.26] (z) Requirements
[¶ 5011.27] (aa) Security Futures Products

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

[¶ 5017] Rule 2-1. Contract Market Jurisdiction
[¶ 5023] Rule 2-2. Fraud and Related Matters
[¶ 5029] Rule 2-3. Sharing in Profits
[¶ 5035] Rule 2-4. Just and Equitable Principles of Trade
[¶ 5041] Rule 2-5. Cooperation in NFA Investigations and Proceedings
[¶ 5047] Rule 2-6. Expelled or Suspended Member or Associate
[¶ 5053] Rule 2-7. Branch Office Managers and Designated Security Futures Principals
[¶ 5059] Rule 2-8. Discretionary Accounts
[¶ 5059.1] (a) Grant of Discretion Must Be in Writing
[¶ 5059.2] (b) Review of Discretionary Trades
[¶ 5059.3] (c) Minimum Experience Requirement
[¶ 5059.4] (d) Third-Party Account Controllers
[¶ 5059.5] (e) Exception
[¶ 5065] Rule 2-9. Supervision
[¶ 5071] Rule 2-10. Recordkeeping
[¶ 5077] Rule 2-11. Customer Accounts
[¶ 5083] Rule 2-12. [Reserved]
[¶ 5089] Rule 2-13. CPO/CTA Regulations
[¶ 5095] Rule 2-14. Compliance Jurisdiction
[¶ 5101] Rule 2-15. [Reserved]
[¶ 5107] Rule 2-16. [Reserved]
[¶ 5113] Rule 2-17. [Reserved]
[¶ 5119] Rule 2-18. [Reserved]
[¶ 5125] Rule 2-19. [Reserved]
[¶ 5131] Rule 2-20 [Reserved]
[¶ 5137] Rule 2-21. [Reserved]
[¶ 5143] Rule 2-22. Prohibited Representations
[¶ 5149] Rule 2-23. FCM Responsibility for Guaranteed Member IBs
[¶ 5155] Rule 2-24. Qualification Testing of Associated Persons of FCMs
(a) Testing Requirement
(b) Limitations on Activities
[¶ 5161] Rule 2-25. Requirements for Dealer Options Transactions of FCMs
[¶ 5167] Rule 2-26. FCM and IB Regulations
[¶ 5173] Rule 2-27. Transfer of Customer Accounts
[¶ 5179] Rule 2-28. [Reserved]
[¶ 5185] Rule 2-29. Communications with the Public and Promotional Material
(a) General Prohibition
(b) Content of Promotional Material
(c) Hypothetical Results
(d) Statements of Opinion
(e) Written Supervisory Procedures
(f) Recordkeeping
(g) Filing with NFA
(h) Radio and Television Advertisements.
(i) Definitions
(j) Security Futures Products
[¶ 5191] Rule 2-30. Customer Information and Risk Disclosure
[¶ 5197] Rule 2-31. Foreign Futures and Foreign Options Transactions
[¶ 5203] Rule 2-32. Leverage Transactions
[¶ 5209] Rule 2-33. FCM Receipt of Funds from Omnibus Accounts
[¶ 5215] Rule 2-34. CTA Performance Reporting and Disclosures.
[¶ 5221] Rule 2-35. CPO/CTA Disclosure Documents.
[¶ 5227] Rule 2-36. Requirements for Forex Transactions.
[¶ 5233] Rule 2-37. Security Futures Products.
[¶ 5239] Rule 2-38. Business Continuity and Disaster Recovery Plan.
[¶ 5245] Rule 2-39. Soliciting, Introducing, or Managing Forex Transactions or Accounts.
[¶ 5251] Rule 2-40. Bulk Assignment or Liquidation of Forex Positions: Cessation of Customer Business.

Part 3-Compliance Procedures

[¶ 5500] Rule 3-1. Department of Compliance
[¶ 5500.1] (a) Duties
[¶ 5500.2] (b) Prohibitions

[¶ 5506] Rule 3-2. Investigation

[¶ 5506.1] (a) Initiation; Report
[¶ 5506.2] (b) Termination
[¶ 5506.3] (c) Review of Report

[¶ 5512] Rule 3-3. Service
[¶ 5518] Rule 3-4. Notice of Charges
[¶ 5524] Rule 3-5. Right to Counsel
[¶ 5530] Rule 3-6. Answer
[¶ 5536] Rule 3-7. Appointment of Hearing Panel
[¶ 5542] Rule 3-8. Pre-Hearing Procedures
[¶ 5548] Rule 3-9. Hearing
[¶ 5554] Rule 3-10. Decision
[¶ 5560] Rule 3-11. Settlement

[¶ 5560.1] (a) Offer
[¶ 5560.2] (b) Decision
[¶ 5560.3] (c) Withdrawal of Settlement Offer Is Prohibited
[¶ 5566] Rule 3-12. Notice and Publication of Decision
[¶ 5572] Rule 3-13. Appeal; Review
[¶ 5572.1] (a) Appeal
[¶ 5572.2] (b) Review
[¶ 5572.3] (c) Stay
[¶ 5572.4] (d) Conduct of Proceeding
[¶ 5572.5] (e) Briefs
[¶ 5572.6] (f) Decision
[¶ 5572.7] (g) Finality
[¶ 5578] Rule 3-14. Penalties
[¶ 5578.1] (a) Types of Penalties
[¶ 5578.2] (b) Authority of Appeals Committee to Alter Penalty
[¶ 5578.3] (c) Payment of Fines
[¶ 5584] Rule 3-15. Member or Associate Responsibility Actions
[¶ 5584.1] (a) Nature of Action
[¶ 5584.2] (b) Procedure
[¶ 5584.3] (c) Appeal
[¶ 5584.4] (d) Review
[¶ 5590] Rule 3-16. Relationship Between Member or Associate Responsibility Action and Disciplinary Action
[¶ 5596] Rule 3-17. Composition of Committees
[¶ 5602] Rule 3-18. Sanctions for Contumacious Conduct

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

[¶ 5800] Rule 4-1. Disclosure of Information from CFTC Records, Other than Registration Records, Maintained by NFA
[¶ 5806] Rule 4-2. Certification of the Authenticity of CFTC Records Maintained by NFA