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May 23, 2013

National Future Association (NFA) Issues Guidance on Annual Affirmation Requirement for CPO and CTA Exemptions

Commencing in 2012, each person or entity claiming an exemption from commodity pool operator (CPO) or commodity trading advisor (CTA) registration must annually affirm the applicable exemption within 60 days of the end of each calendar year. Any person or entity that does not affirm its applicable CPO or CTA exemption will be deemed to have requested to withdraw the exemption. The affirmation process can be completed through the National Future Association’s online exemption system.

More information is available here.

©2013 Katten Muchin Rosenman LLP

About the Author

Partner

Kenneth M. Rosenzweig focuses his practice on financial services matters, with an emphasis on the trading and clearing of financial instruments. Mr. Rosenzweig’s clients include clearing houses and exchanges, futures commission merchants, broker-dealers, fund sponsors and managers, banks and other commercial participants in the exchange-traded and over-the-counter markets.

312-902-5381

About the Author

Associate

 

James Brady concentrates his practice in financial services matters.

312-902-5362

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