On June 19, the National Futures Association (NFA) issued a notice to its members regarding the implementation of the second phase of the segregated account balance reporting requirements under Section 4 of the NFA’s Financial Requirements. The second phase requires derivatives clearing organizations (DCOs) and clearing futures commission merchants (FCMs) acting as segregated funds depositories for customer funds of another FCM (non-clearing FCM) to report the end-of-day balances in all customer omnibus accounts held by DCOs and clearing FCMs to the non-clearing FCM’s designated self-regulatory organization. The NFA’s notice provides specific instructions that FCMs must follow to ensure compliance with the new requirements, which will become effective on September 4, 2013. The Chicago Mercantile Exchange is expected to issue a bulletin regarding the reporting of this information by DCOs within the next few weeks. 

More information is available here.