Mon, Dec 5, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dechert alerts registered CTAs on new NFA quarterly filing requirements

Thursday, September 19, 2013

Beverly Chandler, Opalesque London:

Dechert reports that the U.S. National Futures Association (NFA) has announced its new quarterly filing requirement for commodity trading advisors (CTAs). Dechert explains that such requirement will begin with the reporting of third quarter 2013 data (i.e., September 30, 2013) for all CTAs that are registered with the U.S. Commodity Futures Trading Commission (CFTC) and members of the NFA. The firm writes: "The filing requirement under NFA Compliance Rule 2-46 (NFA Form PR) apply to all CTAs regardless of whether they are currently active. The first NFA Form PR filing will be due November 14, 2013."

CTAs are already subject to a similar CFTC filing requirement in the form of the CFTC’s Form CTA-PR, an annual filing required within 45 days of the end of each calendar year (i.e., by February 14). On initial review, Dechert finds that NFA Form PR contains more questions and requires additional data beyond what is required on CFTC Form CTA-PR. The firm writes: "Therefore, as third quarter-end approaches, CTAs must familiarize themselves with the form and instructions, be cognizant of the type of data needed in order to comply with this new risk reporting obligation, and be in a position to collect and sort such data to facilitate filing NFA Form PR." The firm offers a sample NFA Form PR template.

Dechert reports that it will be studying the new form, listening in ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan