United States:
NFA Amends Regulation Regarding Default Withdrawal Of Membership
17 October 2018
Cadwalader, Wickersham & Taft LLP
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The National Futures Association ("NFA") amended its
Bylaw 1303 governing a Member's failure to timely pay
certain fees, which is regarded as a default and deemed a request
to withdraw from NFA membership.
Effective on October 31, 2018, NFA Bylaw 1301 will (i) include
fees for filing late reports under certain regulations and (ii)
make the time period when the default and deemed request to
withdraw occurs consistent for all late payments.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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