Self-Examination Questionnaire For FCMs, FDMs, IBs, CPOs and CTAs (Revision Notes)

Note: Members must review the entire Self-Examination Questionnaire on an annual basis.

In this revised version of the Self-Examination Questionnaire, NFA updated the Questionnaire to incorporate amendments to:

Substantive Revisions

Section: General Self-Examination Questionnaire for All Members
Subsection: Supervision
Section: Supplemental Questionnaire for FDMs
Subsection: Supervision

  • Revised to indicate that, under certain circumstances, a Member firm that supervises one or more branch offices and/or guaranteed IBs can perform an on-site inspection every other year, instead of every year. (Interpretive Notice 9019)
Section: Supplemental Questionnaire for FCMs
Subsection: Discretionary Trading and Bunched Orders
Section: Supplemental Questionnaire for IBs
Subsection: Post-Execution Allocation of Bunched Orders

  • Revised to clarify that the average pricing of a bunched order may be rounded to the next price increment as long as cash residuals greater than a penny are paid to relevant customers. (Interpretive Notice 9029)

Non-substantive Revisions

Review these entire subsections in the Self-Examination Questionnaire for the changes.

Section: General Self-Examination Questionnaire for All Members
Subsection: Supervision

Section: General Self-Examination Questionnaire for All Members
Subsection: Promotional Material

Section: General Self-Examination Questionnaire for All Members
Subsection: Website, Social Media, other Internet-Based Forums and Electronic Communications

  • Combined previous E-mail subsection with previous Websites, Social Media and other Internet-Based Forums subsection along with relevant additions and deletions to reflect amendments to NFA Compliance Rule 2-29 and 2-36, and related interpretive notices.
Section: Supplemental Questionnaire for FDMs
Subsection: Financial