Mon, Aug 3, 2015
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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner