NFA Issues Notice Regarding Reporting Requirements for CPOs, CTAs and IBs That Deal in Virtual Currencies
On March 27, the National Futures Association (NFA) issued Notice I-18-07, reminding commodity pool operators (CPOs), commodity trading advisors (CTAs) and introducing brokers (IBs) to immediately notify NFA by amending the firm-level section of their respective annual questionnaires if they trade any virtual currency products or solicit or accept any order in virtual currency products, as applicable. (See notice I-17-28 and I-17-29, as reported in the Corporate & Financial Weekly Digest edition of January 12, 2018.)
The Notice also stated that these CPOs, CTAs and IBs are not required to comply with the other reporting and filing requirements outlined in Notices I-17-28 and I-17-29 at this time. However, NFA may reach out to individual firms to request additional information as necessary.
Notice I-17-28 is available here.
Notice I-17-29 is available here.
Notice I-18-07 is available here.