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July 23, 2014

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.

©2014 Katten Muchin Rosenman LLP

About the Author

Kenneth M. Rosenzweig, Katten Muchin Law Firm, Financial Institutions
Partner

Kenneth M. Rosenzweig focuses his practice on financial services matters, with an emphasis on the trading and clearing of financial instruments. Ken represents derivatives clearing organizations, designated contract markets and swap execution facilities, in addition to futures commission merchants, banks and other commercial participants in the exchange-traded and over-the-counter derivatives markets.

312-902-5381

About the Author

James M. Brady, Katten Muchin Law Firm, Finance Attorney
Associate

James Brady concentrates his practice in financial services matters.

312-902-5362

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