On December 23, CFTC issued a no-action letter that provides relief for certain Introducing Brokers (IBs) from certain financial reporting and capital computation requirements. Part of the no-action relief is time-limited to newly registered IBs for the fiscal years ending on or before December 31, 2013. Release. Letter.
IBs
CFTC Proposed Rule on Commodity Pools
On November 5, the CFTC issued a proposed rule that would require that all registered introducing brokers (IBs), commodity pool operators (CPOs) and commodity trading advisors (CTAs) become and remain members of at least one registered futures association. Comments on the proposed rule must be submitted within 60 days after publication in the Federal Register. CFTC Release. CFTC Proposed Rule.