Member Education & Resources



Type Title Date Topic Category Summary
Website Launch Webinar 2017 IB, CTA, FDM, MSP, CPO, FCM, SD On June 27, 2017, NFA hosted a brief webinar to introduce Members to its newly redesigned website. View the recording.
Forex Transactions: A Regulatory Guide 2017 Forex CPO, IB, CTA, FCM, FDM This guide provides an overview of forex transactions and associated compliance requirements.
Disclosure Documents: A Guide for CPOs/CTAs 2017 CTA, CPO This brochure discusses the requirements CPOs and CTAs must meet under Part 4, presents a sample break-even analysis and performance table, and describes the process NFA's Disclosure Document Review Team uses to approve Disclosure Documents.
Member Regulatory Workshops – Chicago and New York 2017 Cybersecurity CTA, SD, CPO NFA held Member Regulatory Workshops in Chicago, Ill. and New York, N.Y. in May 2017. During the workshops in Chicago and New York, NFA offered a session on NFA Members' regulatory obligations regarding cybersecurity and a session on reporting commodity pool operator (CPO) and commodity trading advisor (CTA) financial information on Forms PQR and PR. In addition to the two sessions above, NFA offered a session for swap dealers (SD) on SD examinations during its Member Regulatory Workshop in New York.
2017 Town Hall Webinar 2017 CTA, SD, IB, FDM, FCM, CPO To provide Members with an opportunity to ask questions of NFA's leadership, NFA conducts an annual Town Hall webinar. Access the transcript and recording of the most recent Town Hall webinar, held on Monday, April 3, 2017.
Self-Exam Questionnaire 2017 IB, CTA, CPO, FDM, FCM On an annual basis, NFA Member futures commission merchants (FCM), retail foreign exchange dealers (RFED), introducing brokers (IB), commodity pool operators (CPO) and commodity trading advisors (CTA) must review their operations using NFA's Self-Examination Questionnaire. The questionnaire is designed to aid Members in recognizing potential problem areas and to alert them to procedures that need to be revised or strengthened.
FCM Reporting Requirements 2017 FCM Details on reporting requirements for FCM Members.
RFED Reporting Requirements 2017 FDM Description of RFED reporting requirements.
NFA Approval Process for Risk-Based Initial Margin Models for Uncleared Swaps and Lessons Learned 2016 Margin SD NFA developed and executed a margin model review and approval process for the CFTC Covered SDs subject to the initial compliance date of September 1, 2016. The second compliance date is September 1, 2017. To ensure that Members subject to this compliance date fully understand the process and their regulatory obligations, NFA offered a webinar on November 21, 2016. During the 30-minute webinar, NFA senior staff provided an overview of its margin model review process, discussed lessons learned from the initial compliance date, and answered questions.
Cybersecurity Workshops - Chicago, New York and Los Angeles 2016 Cybersecurity FDM, CPO, IB, CTA, SD, FCM NFA held cybersecurity workshops for all Members in Chicago, Ill. on February 2, 2016, New York, N.Y. on February 4, 2016 and Los Angeles, Calif. on February 9, 2016. The half-day workshops featured panels of NFA staff and other cybersecurity experts. They discussed the Cybersecurity Interpretive Notice and related Notice to Members, ISSP development and refinement, relevant NFA Self-Examination Questionnaire updates, and what to expect on exams, among other topics.
NFA Regulatory Requirements Guide 2016 CPO, CTA, FCM, IB This guide discusses how to prepare for an NFA examination, highlights a number of other general regulatory requirements and addresses accounting procedures for FCMs, IBs and Commodity Pools.
NFA Feedback on 4s Submissions 2015 4S SD To help non-U.S. swap dealer Members understand the 4s review process and forthcoming NFA feedback, NFA senior staff held an audio conference on December 9, 2015. There was a Q&A session after the presentation.
How to File the Form PR 2015 CTA This video tutorial (26 min. 22 sec.), intended for Commodity Trading Advisors, explains the filing process for Form PR, which includes the annual CFTC Form CTA-PR and the quarterly NFA Form PR.
Audio Conference for Swap Dealers and Major Swap Participants 2015 SD To help its swap dealer and major swap participant Members prepare for upcoming examinations, NFA senior staff held an audio conference, which included topics such as NFA's examination approach and an update on NFA's continuous monitoring program. There was a Q&A session after the presentation.
Filing a Disclosure Document 2015 CTA, CPO This video tutorial (19 min. 22 sec.), provides a step-by-step guide on where to find the electronic exemptions system on NFA's website as well as instructions on how to navigate the system.
A Guide to NFA Compliance Rules 2-29 and 2-36 Communications with the Public and Promotional Material 2015 Sales Practices and Promotional Material CPO, FCM, SD, IB, CTA, FDM This guide presents an in-depth discussion of the standards that NFA Members must apply to their advertising.
Update on NFA's Swap Dealer and Major Swap Participant Program 2015 4S SD As a follow-up to NFA's audio conference in June, NFA senior staff updated its Swap Dealer (SD) and Major Swap Participant (MSP) Members on its OTC derivatives regulatory programs. The conference topics included NFA's current examination program; NFA's continuous monitoring program; the status of 4s policies and procedures documentation; self-reporting of issues; and recent notices. There also was a Q&A session after the presentation.
Member Regulatory Conference Materials - New York 2014 CPO, FCM, CTA, IB, FDM NFA held regulatory conferences in Chicago on Sept. 15, 2014, Greenwich on Oct. 22, 2014, New York on Oct. 23, 2014, London on Nov. 6, 2014, Houston on March 5, 2015, Los Angeles on March 18 and San Francisco on March 19 for its Members. The half-day conferences, presented by NFA staff and other futures professionals, discussed the current state of the industry; NFA's examination process, including common deficiencies identified on exams of FCMs, IBs, CPOs and CTAs; performance reporting; and financial reporting requirements, among other topics.
Chicago Member Regulatory Conference - Filing Requirements for CPOs and CTAs 2014 CPO, CTA In this video (13 min. 27 sec.), Senior Vice President Regina Thoele reviews some of the recent changes to filing requirements for CPOs and CTAs.
Chicago Member Regulatory Conference: Customer Segregation 2014 CTA, FDM, FCM, CPO, IB In this video (7 min. 32 sec.), NFA Public Director Ronald H. Filler discusses recent changes to customer segregation rules, how those changes affect NFA Members and why customer segregation is important.
Chicago Member Regulatory Conference: Regulatory Changes 2014 CTA, CPO, SD, FCM, FDM, IB In this video (16 min. 11 sec.), NFA Public Director Ronald H. Filler gives a brief overview of recent regulatory changes and the impact they have on NFA Members.
NFA’s Examination Approach for Swap Dealers and Major Swap Participants 2014 SD In anticipation to launching its first examinations of swap dealer (SD) Member firms based on NFA rules that incorporate CFTC regulations pursuant to Section 4s of the Commodity Exchange Act, NFA hosted an audio conference on June 5, 2014.
Risk Disclosure Statement for Security Futures Contracts 2014 Security Futures Products IB, FCM This disclosure statement discusses the characteristics and risks of standardized security futures contracts traded on regulated U.S. exchanges.
How to Avoid Common PQR Filing Deficiencies 2014 CPO This video tutorial (18 min. 15 sec.), intended for commodity pool operators, summarizes the new PQR filing requirements for CPOs and highlights areas of the filing process where NFA has found deficiencies within NFA's EasyFile System and discusses common deficiencies seen in filings.
How to File an Exemption Through NFA's Electronic Exemption System 2014 CTA, CPO This video tutorial (10 min. 41 sec.), intended for commodity pool operators and commodity trading advisors, provides a step-by-step guide on where to find the electronic exemptions system on NFA's website as well as instructions on how to navigate the system.
CFTC Part 4 Exemption Regulations 2014 CTA, CPO This document contains links to CFTC Part 4 Exemption Regulations for CPOs and CTAs.
The Joint Audit Committee Margins Handbook Update 2003 This is an addendum to the Margins Handbook, the guide providing the policies for monitoring margin risk exposure established by the exchanges and regulatory organizations that participate in the Joint Audit Committee.
Security Futures: An Introduction to Their Uses and Risks 2002 Security Futures Products Security futures, which have been authorized by Congress, can be bought and sold for either price risk management or for speculative purposes. For many reasons, security futures may or may not be an appropriate trading vehicle for any given individual. Or they may be appropriate in some circumstances but not others.
Recommendations for Best Practices in Order Entry and Transmission of Exchange-Traded Futures and Options Transactions 2001 This publication discusses issues associated with order transmission and entry procedures for exchange-traded futures and options and the diligent supervision of the order transmission and order entry process by commodity professionals.
The Joint Audit Committee Margins Handbook 1999 This publication provides the policies for monitoring margin risk exposure established by the exchanges and regulatory organizations that participate in the Joint Audit Committee.
Electronic Trading and Order Routing Systems Disclosure Statement 1999 CTA, FCM, SD, FDM, IB, CPO Provides guidance on the differences, risks and limitations of liability of the electronic system utilized in the futures industry.