Notices to Members

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Notice I-21-18

June 03, 2021

Reminder: Disclosure and Reporting Requirements for NFA Members engaging in virtual currency activities

Given the recent volatility in the virtual currency market, NFA reminds Members engaging in virtual currency activities that they must fulfill certain ongoing disclosure and reporting requirements.

Disclosure Requirements

NFA requires futures commission merchants (FCM), introducing brokers (IB), commodity pool operators (CPO) and commodity trading advisors (CTA) that engage in activities related to virtual currencies or virtual currency derivatives to comply with the customer disclosure requirements established in NFA's Interpretive Notice entitled Disclosure Requirements for NFA Members Engaging in Virtual Currency Activities.

Reporting Requirements

NFA requires FCMs and IBs that solicit or accept orders in virtual currency derivatives and CPOs and CTAs that execute transactions involving virtual currencies or virtual currency derivatives to immediately notify NFA by amending the Annual Questionnaire.

If you have any questions regarding this Notice, please contact NFA's Information Center (800-621-3570 or information@nfa.futures.org).

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