CFTC Proposes CTA And Others To Register With NFA

The CFTC recently proposed a mandate that Commodity Trading Advisors, Commodity Pool Operators and Introducing Brokers register with a Registered Futures Association. CFTC’s new proposal is intended to align with the recent changes made to the Commodities Exchange Act by the Dodd-Frank Wall Street Reform and Consumer Protection Act as well as the Commission’s authority to regulate swaps. Futures and swap intermediaries already registered with NFA Under Sections 170.15 and 170.16 of the Commodity Futures Trading Commission’s regulations, all registered futures commission merchants (FCMs), swap dealers (SDs) and major swap participants (MSPs) are already required to become members of the…