New Quarterly Filing Requirements for Commodity Trading Advisors

 

The Commodity Futures Trading Commission ("CFTC") has approved amendments to National Futures Association ("NFA") Compliance Rule 2-46 that requires Commodity Trading Advisors ("CTAs") to report to the NFA on a quarterly basis.

CTAs must complete and submit NFA Form PR each quarter. The form consists of the CFTC annual Form PR, along with some additional questions relating to:  

  • Certain trading programs being offered by the CTA,
  • The related monthly rates of return, and
  • The assets under management for those trading programs. 

Filing Requirements

The first NFA quarterly filing will be for the quarter ending September 30, 2013, and is due on November 14, 2013, 45 days after quarter end. The yearly CFTC Form PR filing requirement will be satisfied by the December 31, 2013, NFA Form PR filing.

 

Please reach out to your Sadis & Goldberg contact if you need help in filling out these regulatory reporting forms.     

Cheryl Spratt