Supervision

NFA Compliance Rules 2-9, 2-36 and 2-43 place a continuing responsibility on each Member to diligently supervise its employees and agents in the conduct of their futures and forex activities. NFA recognizes that, given the differences in the size and complexity of NFA Members' operations, there must be some degree of flexibility in determining what constitutes diligent supervision for each firm. NFA leaves the exact form of supervision to the Member and provides the Member with flexibility to design policies and procedures that are tailored to the Member's own situation. Members should regularly review the adequacy of their supervisory procedures.

See NFA's regulatory guide—NFA Regulatory Requirements for FCMs, IBs, CPOs and CTAs.

NFA Regulatory Guide