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Compliance Rules


Part 2 - Rules Governing the Business Conduct of Members Registered with the Commission

Effective June 30, 2021, this new compliance rule will read as follows:

RULE 2-50. CPO NOTICE FILING REQUIREMENTS

[Adopted effective June 30, 2021.]

Each CPO Member must provide prompt notification, in the form and manner prescribed by NFA no later than 5:00 p.m. (CT) of the next business day upon the occurrence of one of the following events, in accordance with the related Interpretive Notice entitled CPO Notice Filing Requirements:

    (a) CPO Member operates a commodity pool that is unable to meet a margin call(s);

    (b) CPO Member operates a commodity pool that is unable to satisfy redemption requests in accordance with its subscription agreements;

    (c) CPO Member operates a commodity pool that has halted redemptions and the halt on redemptions is not associated with pre-existing gates or lockups, or a pre-planned cessation of operations; or

    (d) CPO Member receives notice from a swap counterparty that a pool the CPO Member operates is in default.