Doing Business with Non-Members. BYLAW 1101. PROHIBITION. [Effective dates of amendments: July 27, 1983; January 1, 1990; August 21, 2001; and August 1, 2016.]

Will my firm violate Bylaw 1101 if it accepts third party checks for deposit into a customer's account? It depends on the circumstances. For example, if you receive checks from several individuals for the same account, the person whose name is on the account may be acting as an unregistered FCM or CPO.

2016年4月14日 · NFA Bylaw 1101 prohibits NFA members from conducting futures-related business with non-members that are required to be registered with the CFTC but have not done so. By its terms, Bylaw 1101 imposes strict liability for violations by members.

2016年4月14日 · NFA Bylaw 1101 • Bylaw 1101 adopted in 1981 • Prohibition included in NFA Articles of Incorporation – Article III, Section 1(f) • Doing Business With Non -Members – Intended to help NFA effectuate its purposes of promoting the improvement of business conditions and the common business interests of persons engaged in commodity

2015年7月30日 · Bylaw 1101 prohibits NFA Members (“Members”) from conducting business with or on behalf of non-NFA Members. In this regard, NFA imposes strict liability on its Members for violations of Bylaw...

2024年2月29日 · Members can review exemption information in two ways. Members can view individual persons or entities by navigating to NFA’s BASIC System, opening the person or entity’s record, and, if applicable, clicking ‘View All’ in the Firm Exemptions box and/or the Pools & Pool Exemptions box.

One of the key NFA compliance obligations facing new CFTC registrants and NFA members arises out of NFA Bylaw 1101, which prohibits an NFA member, such as a CPO, from conducting business with or on behalf of a non-NFA member that is …

2018年1月24日 · NFA Bylaw 1101 prohibits NFA Members from doing business with most non-Members that are required to be registered with the CFTC as futures commission merchants, introducing brokers, CPOs or CTAs. While Bylaw 1101 imposes a strict liability standard on Members with respect to compliance with these requirements, NFA generally would consider a ...

NFA Bylaw 1101 requires Members to make two determinations: whether it is doing business with an entity which is required to be registered, and if so, whether that person is a Member of NFA. The second of these determinations is relatively simple.

2023年4月28日 · What is NFA Bylaw 1101? NFA Bylaw 1101 prohibits NFA members from doing business with non-members that are required to be registered with the CFTC as an FCM, IB, CPO or CTA. The rule specifically states: