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Part 2 - Rules Governing the Business Conduct of Members Registered with the Commission
RULE 2-48. FOREX DEALER MEMBER DAILY TRADE DATA REPORTS
[Adopted effective February 4, 2011. Effective date of amendments: December 2, 2013.]
(a) Each Forex Dealer Member must file a daily electronic report of trade data with NFA using the electronic filing method required by NFA. The report must contain the data and be in the format prescribed by NFA. Each Forex Dealer Member must prepare the report as of 5:00 P.M. Eastern time and file it with NFA by 11:59 P.M. Eastern time the same day.
(b) By submitting the report, the FDM certifies that the report is true and complete.
(c) Each daily report that is filed after it is due shall be accompanied by a late fee of $1,000 for each business day that it is late. Payment and acceptance of the fee does not preclude NFA from filing a disciplinary action for failure to comply with the deadlines imposed in this rule.