Introducing Brokers

CFTC Issues No-Action Letter Regarding Introducing Brokers’ Compliance with Certain Financial Reporting

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, 2013ReleaseLetter.