NFA is primarily financed with payments from membership dues and fees, and from assessment fees paid by Members and users of the derivatives markets. The underlying philosophy for NFA's funding is that each of NFA's regulatory programs must pay its direct costs of regulation, its share of NFA's overhead expenses and its share of NFA's reserves. NFA's Board of Directors reviews and approves its budget annually.

Assessment Fees

NFA's futures compliance activities are funded by assessment fees as prescribed in NFA Bylaw 1301.

Membership Dues

NFA's swap dealer and forex dealer Members are primarily funded through membership dues as prescribed in NFA Bylaw 1301.