Independent IB Reporting Requirements

When:
Annually
1-FR-IB due 90 days after fiscal year end
or
FOCUS report due 60 days after fiscal year end

Information Requested:
See CFTC Regulation 1.10(d)(2) for the specific reports required.

How:
1-FR-IB filed by EasyFile
or
FOCUS reports filed by WinJammer^TM

When:
Semi-annually
1-FR-IB as of the middle and the close of each fiscal year, due within 17 business days of period end.

FOCUS due on same cycle as that required by FINRA and within 17 business days after the required date.

Information Requested:
See CFTC Regulation 1.10(d)(2) for the specific reports required.

How:
1-FR-IB filed by EasyFile
or
FOCUS reports filed by WinJammer^TM

When:
If applicable

Information Requested:
The loan and all changes and amendments must be approved by NFA before the effective date. If approved by DEA, please file approval letter with NFA.

How:
Mail

When:
Annually, to coincide with annual dues

Information Requested:
NFA sends an annual notice indicating how to access the questionnaire.

How:
Web-based filing

Notes:
Web-based notice filings are filed via the same system (EasyFile or WinJammer) that an IB uses to file its Financial Reports.

When:
If applicable

Information Requested:
Immediate notification when capital falls below level set forth in NFA Financial Requirements. A 1-FR-IB/FOCUS must follow within 24 hours.

How:
Notification by phone and confirmed by fax
or
Web-based filing

Notes:
An IB must also make a similar filing with any FCMs that carry its accounts, and its self-regulatory organization.

Web-based notice filings are filed via the same system (EasyFile or WinJammer) that an IB uses to file its Financial Reports.

When:
If applicable

Information Requested:
Same day notification when required books and records are not current. A written report stating corrective action must follow within 48 hours.

How:
Web-based filing

Notes:
An IB must also make a similar filing with any FCMs that carry its accounts, and its self-regulatory organization.

Web-based notice filings are filed via the same system (EasyFile or WinJammer) that an IB uses to file its Financial Reports.

When:
If applicable

Information Requested:
Prompt notification is required for certain cybersecurity incidents.  See NFA Interpretive Notice 9070 for further information.

How:
EasyFile

When:
Monthly, completed within 17 business days of month end

Information Requested:
Monthly net capital computations must be maintained; however, they do not need to be sent to NFA unless they fall into one of the above categories.

How:
N/A

When:
If applicable

Information Requested:
Notification of such material inadequacy within 24 hours.  A written report stating corrective action must follow within 48 hours.

How:
Web-based filing

Notes:
An IB must also make a similar filing with any FCMs that carry its accounts, and its self-regulatory organization.

Web-based notice filings are filed via the same system (EasyFile or WinJammer) that an IB uses to file its Financial Reports.

When:
If applicable

Information Requested:
If firm is also registered as a B/D, must file request and DEA response with NFA.

How:
Web-based filing

Notes:
An IB must also make a similar filing with any FCMs that carry its accounts, and its self-regulatory organization.

Web-based notice filings are filed via the same system (EasyFile or WinJammer) that an IB uses to file its Financial Reports.

When:
If applicable

Information Requested:
If firm is also registered as a B/D, must file request and DEA response with NFA.

How:
Web-based filing

Notes:
An IB must also make a similar filing with any FCMs that carry its accounts, and its self-regulatory organization.

Web-based notice filings are filed via the same system (EasyFile or WinJammer) that an IB uses to file its Financial Reports.