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Financial Requirements


SECTION 10. LATE FINANCIAL REPORTS.

[Adopted Effective July 1, 2003. Effective dates of amendments: October 18, 2010; and December 2, 2013.]

Each financial report required by Section 1, 5, 6, or 11 that is filed after it is due shall be accompanied by a fee of $1,000 for each business day it is late. Payment and acceptance of the fee does not preclude NFA from filing a disciplinary action under the Compliance Rules for failure to comply with the deadlines imposed by NFA Financial Requirements or CFTC rules.


Effective October 6, 2021, this financial requirement will read as follows:

[Adopted Effective July 1, 2003. Effective dates of amendments: October 18, 2010; December 2, 2013; and October 6, 2021.]

Each financial report required by Section 1, 5, 6, 11, or 18 that is filed after it is due shall be accompanied by a fee of $1,000 for each business day it is late. Payment and acceptance of the fee does not preclude NFA from filing a disciplinary action under the Compliance Rules for failure to comply with the deadlines imposed by NFA Financial Requirements or CFTC rules.